Iran seizes cargo ship in Strait of Hormuz, Iranian media says
> Iran's Revolutionary Guards seized an Israeli-linked cargo ship in the Strait of Hormuz on Saturday, the Iranian state-run IRNA news agency reported, days after Tehran warned it could close the area to sea traffic.
"Acts of piracy threaten maritime security by endangering, in particular, the welfare of seafarers and the security of navigation and commerce. These criminal acts may result in the loss of life, physical harm or hostage-...
...taking of seafarers, significant disruptions to commerce and navigation, financial losses to shipowners, increased insurance premiums and security costs, increased costs to consumers and producers, and damage to the marine environment. Pirate attacks can have widespread ramifications, including preventing humanitarian assistance and increasing the costs of future shipments to the affected areas."
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