RFE
14 Aug 2020, 23:45 GMT+10
The United States has seized four tankers en route from Iran to Venezuela in what the Justice Department says is the government's largest-ever seizure of fuel shipments from Iran.
The Justice Department said on August 14 that U.S. law enforcement seized the cargo on the tankers -- approximately 1.116 million barrels of petroleum -- saying it was tied to the Islamic Revolutionary Guards Corps (IRGC).
The department described the seizure as "the successful disruption of a multimillion dollar fuel shipment" by the IRGC that was bound for Venezuela.
"With the assistance of foreign partners, this seized property is now in U.S. custody," the Justice Department said in a news release.
The Wall Street Journal first reported the seizure on August 13. The newspaper said the tankers were seized at sea and were heading to Houston, Texas.
The seizure follows a complaint filed July 1 by the Justice Department in the U.S. District Court in Washington seeking forfeiture of all the "petroleum-product cargo" aboard the tankers Bella, Bering, Pandi, and Luna.
The complaint claimed the sale was arranged by an Iranian businessman with ties to the IRGC, a U.S.-designated foreign terrorist organization.
Since September 2018, the IRGC's elite Quds Force has moved oil in violation of U.S. sanctions through a shipping network involving dozens of ship managers, vessels, and facilitators, according to the July 1 complaint.
The Justice Department said the IRGC arranges shipments for Venezuela using offshore front companies and ship-to-ship transfers to avoid sanctions on Iran.
The complaint said profits from the sale of the fuel "support the IRGC's full range of nefarious activities, including the proliferation of weapons of mass destruction and their means of delivery, support for terrorism, and a variety of human rights abuses, at home and abroad.'
After the tankers were seized, Iran's navy forcibly boarded an unrelated ship in an apparent attempt to recover the seized petroleum, but was unsuccessful, the Justice Department said.
U.S. Central Command on August 13 published a video of the operation.
Sanctions against President Nicolas Maduro's regime have forced Venezuela to turn to allies such as Iran to alleviate a gasoline shortage. Oil production in Venezuela has fallen to roughly a quarter of its 2008 level. The South American country's economy has been devastated by six years of recession.
With reporting by AFP
Copyright (c) 2018. RFE/RL, Inc. Republished with the permission of Radio Free Europe/Radio Liberty, 1201 Connecticut Ave NW, Ste 400, Washington DC 20036
Get a daily dose of Sri Lanka Source news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Sri Lanka Source.
More InformationSAN FRANCISCO, California: Grammarly is doubling down on AI-powered productivity tools with the acquisition of Superhuman, a sleek...
NEW YORK, New York -U.S. stock markets closed with broad gains on Thursday, led by strong performances in U.S. tech stocks, while European...
LONDON/STOCKHOLM: The Persson family is ramping up its investment in the H&M fashion empire, fueling renewed speculation about a potential...
PARIS, France: L'Oréal is making a fresh play in the booming premium haircare segment with a new acquisition. The French beauty conglomerate...
MENLO PARK, California: Robinhood is giving European investors a new way to tap into America's most prominent tech names — without...
NEW YORK, New York - U.S. stocks diverged on Wednesday for the second day in a row. The Standard and Poor's 500 hit a new all-time...
WASHINGTON, D.C.: President Donald Trump will meet Israeli Prime Minister Benjamin Netanyahu at the White House on Monday. President...
GENEVA, Switzerland: A new United Nations report alleges that dozens of global corporations are profiting from and helping sustain...
LONDON, UK - Lawmakers in the United Kingdom have voted overwhelmingly to proscribe the direct-action group Palestine Action as a terrorist...
DHARAMSHALA, India: The Dalai Lama is set to address a significant three-day conference of Buddhist leaders this week, coinciding with...
WASHINGTON, D.C.: In a significant ruling last week, the U.S. Supreme Court upheld a Texas law requiring age verification for users...
ISTANBUL/PARIS/BRUSSELS: As searing temperatures blanket much of Europe, wildfires are erupting and evacuation orders are being issued...