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Iran has seized a commercial ship with links to Israel as it passed through the Strait of Hormuz early on Saturday.

The MSC Aries was boarded by Iranian special forces about 50 miles (80km) off the coast of the United Arab Emirates, a statement from the vessel’s operator MSC said.

Footage obtained by Reuters news agency appeared to show troops rappelling onto the vessel from a helicopter.

The Portuguese-flagged ship is linked to Israeli billionair­e Eyal Ofer. The incident comes amid heightened expectatio­n of an Iranian attack on Israel after an airstrike destroyed Iran’s consulate in Damascus at the start of April. Israel said on Saturday Iran would bear the consequenc­es for choosing to escalate the situation any further.

Tracking data last showed the MSC Aries off the coast of the UAE, heading towards the Strait of Hormuz over 18 hours ago. It then appeared to turn off its tracking data, which is common for Israeli-affiliated ships in the region. The UK’S Maritime Trade Operations agency confirmed the boarding in a statement. It made no mention of Iranian involvemen­t, instead stating that the ship had been seized by “regional authoritie­s” off the coast of Fujairah in the UAE.

However, Iranian media has been quick to trumpet the involvemen­t of the country’s special forces in the attack. The country’s state news agency, Irna, said the naval branch of the Islamic Revolution­ary Guards Corps (IRGC) had seized the MSC Aries as it was “linked to Israel”. It added that the ship was in the process of being transporte­d to Iranian waters.

In video footage, troops could be seen rappelling onto the vessel from a helicopter hovering overhead. A crew member could be heard shouting: “Don’t come out.”

In the video, one commando could also be seen kneeling to provide cover fire as other troops boarded the ship. According to MSC there were 25 crew members onboard at the time of the seizure.

White House National

Security Council spokespers­on Adrienne Watson said the crew is comprised of In

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mdian, Filipino, Pakistani, Russian and Estonian nationals.

“We call on Iran to release the vessel and its internatio­nal crew immediatel­y,” Ms Watson said in a statement. ”Seizing a civilian vessel without provocatio­n is a blatant violation of internatio­nal law, and an act of piracy by the Islamic Revolution­ary Guards Corps, a designated Foreign Terrorist Organizati­on.

“It must be condemned unequivoca­lly, and we will work with our partners to hold Iran to account for its actions.”

Officials in Tehran have comment on the seizure.

The ship is managed by MSC, which leases the vessel from Gortal Shipping Inc - a company affiliated with Mr Ofer’s Zodiac Maritime.

In response to the attack, Israeli Foreign

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The views of those voting policymake­rs are consistent with a general tempering of officials’ rate-cut expectatio­ns. Fed policymake­r projection­s released in March did not change the median outlook for three rate cuts this year, but the full range of estimates

Minister Israel Katz calle called on the European Union “to immediatel­y d declare the Iranian Revolution­ary Guards corps co as a terrorist organizati­on and to sanct sanction Iran” in a post on X, formerly known as Twitter, saying that the cargo ship belon belongs to an EU member. US warns of impending impendi Iran attack

Since 2019 Iranian forc forces have carried out a series of ship seizures in the region and the attack comes amid m mounting tensions between Iran and Israel.

Ever since the lethal

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attack on three highest and lowest projection­s - narrowed as the most dovish policymake­rs all raised their outlooks for the policy rate.

Even the more skeptical Fed officials say their baseline has remained that inflation will slow and rates will fall if it does. the Iranian consulate building in Damascus, which killed a senior IRGC commander, Iran has vowed to strike back at Israel, which it blames for the attack.

While Israel has declined to comment on the attack, US officials have repeatedly warned that they expect Iran to attack Israel “sooner than later”.

On Friday, President Joe Biden warned Tehran against an attack on Israel.

“We are devoted to the defence of Israel. We will support Israel,” Mr Biden said. “We

“The Fed is not done fighting inflation and rates will stay higher for longer,” said Torsten Slok, chief economist for Apollo Global Management. “We are sticking to our view that the Fed will not cut rates in 2024.” will help defend Israel and Iran will not succeed.” A spokespers­on for Israel’s military said on Saturday that Iran would “bear the consequenc­es for choosing to escalate the situation any further”.

Meanwhile, the military announced a nationwide halt to educationa­l activities, amid ongoing concerns over the potential of an attack by Iran. The suspension will begin at 23:00 local time on Sunday.

Officials also announced a limit on public gatherings of 1,000 people.

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US president Joe Biden.
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Iran has seized a commercial ship with links to Israel as it passed through the Strait of Hormuz early on Saturday.
▴ US president Joe Biden. ▴ Iran has seized a commercial ship with links to Israel as it passed through the Strait of Hormuz early on Saturday.
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 ?? ?? ▴ WASHINGTON - As Federal Reserve officials last year started steering the world towards possible interest rate cuts in 2024, they took heart in data showing inflation over many months had collapsed to the U.S. central bank’s 2% target, evidence their policies were curbing a still too-hot economy.
▴ WASHINGTON - As Federal Reserve officials last year started steering the world towards possible interest rate cuts in 2024, they took heart in data showing inflation over many months had collapsed to the U.S. central bank’s 2% target, evidence their policies were curbing a still too-hot economy.

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