LONDON/DUBAI/PANAMA CITY (Reuters) - Somewhere on its journey from the waters off Iran, around Africa's southern tip and into the Mediterranean, the Grace 1 oil tanker lost the flag under which it sailed and ceased to be registered to Panama.
Iran later claimed it as its own.
The ship carrying 2 million barrels of Iranian crude was seized by
British Royal Marines off Gibraltar, raising tensions in the Gulf where
Iran detained a UK-flagged ship in retaliation.