Jonathan Moss, head of transport and marine at global legal business, DWF, comments on the seizure of the British vessel in the Persian Gulf and the subsequent impact on insurance premiums. He said: "The seizure of the British vessel is unacceptable and clearly an act of retaliation as a consequence for the British authorities seizing the Iranian Grace 1 supertanker offshore Gibraltar on 4 July. The rising tensions as a result of these incidents will continue to have a knock on effect on global fuel prices and insurance premiums.
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