Monday 25 May 2015

The Solution to Iran's Aggressive Persian Gulf Policy

As reported by NBC News last week, five Iranian gunboats believed to be operated by the Revolutionary Guard attacked the Singapore-flagged Alpine Eternity after personnel refused to allow the oil tanker to be boarded. After firing across the ship's bow, the Iranian gunboats pursued the vessel until they were chased off by warships from the United Arab Emirates.

Last Thursday's attack followed a late-April incident in which Iranian gunboats likewise fired warning shots at -- and then captured and boarded -- a Marshall Islands-flagged cargo ship operated by Denmark's Maersk Group. The Revolutionary Guard claimed it seized the ship in response to a commercial dispute over unpaid bills, and released it after the matter was resolved.

Four days earlier, Iranian patrol boats surrounded a U.S.-flagged, Maersk-operated vessel. (At least that time, no one shot at anybody.)

Be that as it may, when was the last time you remember a lender trying to repo a car by firing a machine gun burst across its hood? Well, over in the Persian Gulf, it's happened twice. Clearly, the Persian Gulf is becoming a very dangerous neighborhood.

And for some folks, that spells opportunity.

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