News
Swedish Police Board Chinese Vessel in Baltic Sea Cable Investigation
Swedish authorities have boarded the Chinese bulk carrier Yi Peng 3, a vessel under investigation for its potential involvement in the breaches of two undersea fiber-optic cables in the Baltic Sea last month. The operation was carried out with the cooperation of Chinese authorities, Swedish police announced on Thursday.
The Yi Peng 3 has been stationary in the Kattegat strait, between Denmark and Sweden, for over a month while diplomatic discussions between Stockholm and Beijing unfolded. Swedish investigators suspect the vessel’s involvement in the November cable breaches, which occurred in Sweden’s exclusive economic zone.
MarineTraffic data analyzed by Reuters indicates the ship’s coordinates matched the time and location of the incidents. The vessel had departed the Russian port of Ust-Luga on November 15, just days before the damage occurred on November 17 and 18.
Swedish Police Act as Observers
Swedish police clarified that their participation on board the Yi Peng 3 was observational while Chinese authorities led the investigation. “The preliminary investigation into sabotage in connection with two cable breaks in the Baltic Sea is continuing in parallel,” Swedish police said in a statement. They emphasized that the actions taken on Thursday were not directly part of their Swedish-led investigation.
Danish authorities facilitated the visit to the bulk carrier, which remains anchored in the Kattegat strait.
Cable Breaches Prompt Sabotage Concerns
The damaged cables are critical infrastructure, with one linking Finland and Germany and the other connecting Sweden to Lithuania. The breaches prompted concerns across the region, with German Defense Minister Boris Pistorius stating that sabotage was the likely cause. Swedish prosecutors are leading the investigation into the suspected sabotage.
Western intelligence officials have reportedly pointed to the Yi Peng 3 as the cause of the cable cuts. However, opinions differ on whether the breaches were accidental or intentional. Swedish Prime Minister Ulf Kristersson has urged the vessel to return to Sweden to support the ongoing investigation.
Chinese Authorities Silent
As of Thursday, there was no immediate comment from China’s foreign ministry regarding the situation. The incident has added strain to Sweden-China relations, with the case drawing significant international attention due to its implications for regional security.
Investigations continue as authorities seek to determine the circumstances surrounding the cable breaches and whether sabotage was indeed at play.
News
Iran Says Hormuz Can Reopen Within Seven Days as Oil Exports Come Under Pressure
Iran’s military said it retained full control of the Strait of Hormuz on Monday, while Foreign Minister Abbas Araghchi said the strategic waterway could be fully reopened within seven days if Tehran’s conditions were met and hostile measures against the country were lifted.
The statements came as Iran faced growing economic pressure, with the rial falling to record lows, Oil Minister Mohsen Paknejad resigning and the United States claiming that Tehran had not loaded any crude onto tankers during September.
Brigadier General Aziz Jafari, commander of Iran’s Khatam al-Anbiya Joint Air Defence Headquarters, said all movements through the Strait remained under the control of the Iranian armed forces despite changes in US tactics.
“All movements (in Hormuz) are under the control of the armed forces of the Islamic Republic,” Jafari said.
US Treasury Secretary Scott Bessent said on Thursday that Iran had not loaded crude oil onto tankers during September, arguing that the Trump administration was targeting Tehran’s main source of revenue.
Iranian President Masoud Pezeshkian acknowledged in August that restrictions were disrupting oil exports, saying the country had previously been able to sell oil but was now unable to do so at the same level.
Paknejad’s resignation was officially attributed to family and personal matters. However, his departure came amid speculation about the impact of reduced oil exports on government finances. Before his resignation was announced, Paknejad said in a video carried by Iranian media that revenue from oil already sold would be collected and that the process would continue.
The acting oil minister has pledged to maximise production and maintain exports through new strategies.
Despite pressure on Iranian exports, oil shipments from other parts of the region remained high. Ship-tracking company Kpler estimated crude exports from the region excluding Iran at between 19.5 million and 22.5 million barrels per day during the final week of September, compared with a pre-war regional average of about 18 million barrels per day.
Iran’s currency has also come under severe pressure. The euro rose above 300,000 tomans on the informal market, while the US dollar reached 270,000 tomans, more than double its level of about 135,000 tomans at the beginning of the year. One toman is equal to 10 rials.
The UK Maritime Trade Operations agency reported at least one attack each day in the Strait of Hormuz or the Gulf of Aden since October 2.
Araghchi told foreign ambassadors in Tehran that the conflict could not be resolved militarily and called for negotiations based on fairness. He warned that any renewed military confrontation would trigger a stronger Iranian response.
Parliament Speaker Mohammad Bagher Ghalibaf said Tehran had received US proposals through intermediaries but rejected what he described as one-sided demands.
He said the Strait would remain closed until Iran’s seven conditions, based on the Islamabad memorandum, were met.
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