Detention of Iranian Oil Tanker and its Implications

July 4, 2019 was marked by the British Marines seizure of an oil tanker Grace 1, purported to be carrying Iranian oil to Syria, in violation of EU sanction laws at the port of Gibraltar. In what many perceived as a reciprocal move by Iran, the Iran Revolutionary Guard Corps Navy (IRGCN) on July 19, 2019, seized two oil tankers, one registered in the UK, the other in Liberia, in the Strait of Hormuz, marking a dramatic escalation in the rising tensions in the Gulf. This article chronicles these two events and studies it from a position of International law.

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Trade War Between Japan And South Korea – Are The WTO Laws Shielding Political Vendetta?

This article has been divided into two parts. First part envisages to analyse the validity of Japan’s argument that the move has been made because there is a risk to ‘national security’ and therefore, it is covered under the ‘security exception’ of Article XXI, GATT. Second part analyses the consequence of Japan’s actions on the economies of South Korea and Japan and it also evaluates the effect on global supply chain of semiconductors.

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