Cointime update: Iran’s navy said a non-compliant tanker struck a mine and caught fire in the eastern Strait of Hormuz on the morning of November 7 after ignoring repeated warnings, shutting off its navigation system and sailing through a restricted and dangerous zone, leaving the vessel disabled. The navy said the incident is the fate awaiting any vessel that disregards warnings and enters the no-sail area.
Iran Navy Says Stray Tanker Hits Mine, Catches Fire in Eastern Hormuz
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