Energy

U.S. seizes Iranian fuel shipment bound for Venezuela

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Foreign-flagged oil tanker “Bella” carrying Iranian cargo bound for Venezuela.

Department of Justice

WASHINGTON — The Justice Department said Friday that federal agents seized a multimillion-dollar Iranian fuel shipment bound for Venezuela, in what it described as the largest-ever seizure of its kind.

The U.S., with the assistance of foreign partners, confiscated a total of 1.1 million barrels of petroleum from four foreign-flagged oil tankers, as Tehran and Caracas attempt to sidestep U.S. sanctions.

According to the Justice Department, after the seizure, “Iran’s navy forcibly boarded an unrelated ship in an apparent attempt to recover the seized petroleum but was…



Source cnbc.com

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