Saudi Arabian Oil Tanker Owners and Somali Pirates Said to be Talking

The Saudi Arabian owners of the oil tanker Sirius Star that was hijacked on Saturday have reportedly begun negotiating with the Somali pirates that are now holding the vessel and its 25-member crew.

It is unclear if the negotiations include talks of a ransom but there has been a report that the pirates were demanding $250 million for the release of the tanker. The ship was carrying two million barrels of oil worth more than $100 million when it was hijacked off the coast of Kenya.

Saudi Arabia has condemned the act of piracy and said they do not support negotiations with terrorists but admitted the decision ultimately rests with the owners of the Sirius Star.

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