Iran has seized its second oil tanker in a week

A swarm of Iranian fast-craft vessels surrounded the Niovi, a Panama-flagged oil tanker crossing the Strait of Hormuz, at dawn on Wednesday (May 3), steering it towards Iranian waters. It was the second ship Iran has seized in the past week, and the latest escalation in tensions between the US and Iran. Iran's actions are likely in retaliation to the US Department of Justice seizing the Suez Rajan, a tanker bound for China with a cargo of Iranian crude, as the US seeks to toughen enforcement of its oil sanctions against Iran. The Iranian Navy reportedly gave chase, according to…