[News] Piracy - US sells 1.1m barrels of Iran oil after seizure - bound for Venezuela
news at freedomarchives.org
Sat Oct 31 11:42:30 EDT 2020
US sells 1.1m barrels of Iran oil after seizure
October 31, 2020
The US Justice Department has announced that Washington sold around 1.1
million barrels of Iranian oil from four tankers headed for Venezuela,
/Anadolu Agency/ reported on Friday.
“Upon being presented with the court’s seizure order, the ships’ owner
transferred the petroleum to the government, and we can now announce
that the United States has sold and delivered that petroleum,” Deputy
Attorney General John Demers announced on Thursday in a press release.
Defending that the sale of oil to Caracas benefited the Islamic
Revolutionary Guard Corps, a US-designated foreign terrorist group,
Demers confirmed: “It is therefore with great satisfaction that I can
announce that our intentions are to take the funds successfully
forfeited from the fuel sales and provide them to the US Victims of
State Sponsored Terrorism Fund after the conclusion of the case.”
In July, federal prosecutors filed a lawsuit to seize the gasoline
aboard the four tankers that Iran was trying to ship to Venezuela,
aiming to prevent the revenues from reaching Iran.
*Read: US seized websites allegedly linked to Iran-Venezuela oil deal
In August, US President Donald Trump’s administration announced that it
carried out “the largest seizure of fuel shipments from Iran,” for which
Venezuela had already paid.
The South American country faces gasoline supply problems due to the
coercive US sanctions
since crude oil is the country’s main export.
Iran’s economy which is dependent on oil exports also suffers from the
US reinstating crippling economic sanctions
with many countries cutting down on oil imports from Iran, fearing
economic penalties from Washington.
Due to these sanctions, Venezuela and Iran agreed to exchange fuel to
supply the South American country.
*Read: Despite threats, sanctions by US, Iran plane lands in Venezuela
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