Gibraltar says no longer has grounds to hold captured Iranian tanker
That should lower tensions (and the price of oil)
Gibraltar says it no longer has any grounds to keep the Grace 1 detained. The ship had been accused of smuggling Iran oil to a country under EU sanctions. However Gibraltar says it has written assurances from Iran that the oil will not go to an EU-sanctioned destination.
However the US has continued to request detention of the ship. Gibraltar says that is a matter for mutual legal assistance authorities who will make an objective determination.