U.S. seizes Iranian fuel shipment bound for Venezuela


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…


Here’s why this recession has been different from any other

Previous article

Here's what happened to the stock market on Friday

Next article

You may also like

Leave a Reply

Notify of

More in Energy