Energy stocks booked the largest gains in Europe after crude oil prices jumped at least $1 per barrel, on concern that Iran's seizure of a British tanker last week may lead to disruptions in the Middle East.
British Airways and Lufthansa abruptly suspended flights to Cairo from Saturday citing security concerns but give no details about what may have prompted the move.
Authorities in Gibraltar intercepted the Iranian supertanker which was believed to be breaching European Union sanctions by carrying a shipment of Tehran's crude oil to Syria.
Explosive experts from US Navy say mine used in the attack on an oil tanker in the Gulf of Oman bears a "striking resemblance" to Iranian mines. Iran has denied involvement.
Iran's foreign ministry spokesman says the incidents near the coast of Fujairah are "worrisome and dreadful" and calls for an investigation into the matter.
Hundreds of people have died in similar accidents in recent years in Nigeria, Africa's largest oil producer, as impoverished people risk their lives to collect fuel leaking from pipelines or trucks.
The expulsion of the Islamic republic from the global financial markets doesn’t mean there are no takers for its oil prices, at a discounted rate.
All 32 personnel on an Iranian oil tanker that sank eight days after colliding with a Hong Kong-registered bulk freighter off the coast of Shanghai are believed to have died in the first hour of the accident.
The Iranian-managed oil tanker, collided with a grain-carrying freighter on Saturday and has been ablaze ever since.
As the search for 31 remaining crew members on the Panamanian-flagged tanker continues, rescue boats have been trying to control the blaze for 72 hours.
Rescuers attempting to reach the crew of 30 Iranians and two Bangladeshis have been beaten back by toxic clouds, China's transportation ministry says.
An Iranian oil tanker collided with a bulk freighter and caught fire off China's eastern coast, leaving 32 crew members missing, most of them Iranians, authorities say.
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