INSEAD Day 4 - 728x90

TECOM profit climbs

High occupancy across assets boosts earnings.

Emirates Stallions Q1 revenue up 11%

The rise helped by strong demand in real estate

ADNOC Distribution 2025 dividend $700m

The company had reported EBITDA of $1.17 bn in 2025.

Empower okays $119.1m H2 2025 dividend

The dividend is equivalent to 43.75% of paid-up capital.

Alujain widens 2025 loss

The increase in loss is due to impairment charges, weaker prices.

Iran seized Greek oil tankers in retaliation: Supreme leader

Washington, Germany and France all called on Iran to release the vessels. (AFP)
  • The Revolutionary Guards of Iran boarded and took control of the two vessels in the Gulf on May 27
  • The oil seizure came two days after Greece confirmed it would send 115,000 tons of Iranian oil to US

Iran’s supreme leader on Saturday said that the country’s seizure of two Greek oil tankers late last month was in retaliation against Greece because it “stole” Iranian oil.

The Revolutionary Guards boarded and took control of the two vessels in the Gulf on May 27, citing “violations”, which Greece condemned as “tantamount to acts of piracy”.

The seizure came two days after Greece confirmed it would send 115,000 tons of Iranian oil from a Russian-flagged tanker, seized in April, to the United States at the request of the US Treasury and in line with the latter’s sanctions regime.

“The Iranian fuel was stolen off Greece, then the brave (forces) of the Islamic republic made up for that by seizing an enemy ship,” Ayatollah Ali Khamenei said in a televised speech marking the 1989 death of Ayatollah Ali Ruhollah Khomenei, who founded the Islamic republic.

“It’s you who stole our oil,” Khamenei said, addressing the country’s “enemies.”

Washington, Germany and France all called on Iran to release the vessels.

Athens said Iranian navy helicopters had landed gunmen on the two tankers to carry out the seizures.

Greek authorities had earlier seized the Russian-flagged ship, they said, to comply with sanctions introduced after Russia invaded Ukraine in February.

The Iranian maritime authority had described that move as “international robbery”.