0 $
2,500 $
5,000 $
500 $
NOVEMBER 2024

U.S. Sold 2M Barrels Of Seized Iranian Crude Oil Immediately After Taking It In February

Support SouthFront

U.S. Sold 2M Barrels Of Seized Iranian Crude Oil Immediately After Taking It In February

Click to see full-size image

In February 2021, the US seized the MT Achilleas, a Liberia-flagged ship, operated by a Greek company, loaded to the brim with Iranian crude oil.

By March it had already sold the oil.

The Achilleas’ Greek owner, Capital Ship Management Corp., alerted U.S. authorities to the possibility it had unknowingly taken on Iranian crude, after initially believing it came from Iraq. The vessel was fully loaded and can carry more than 2 million barrels, according to shipping documents.

The U.S. government brought the Achilleas to Houston, Texas, where it sold the just over 2 million barrels of crude oil within it for $110 million, or at around $55 a barrel, court documents show. The money will be held in escrow amid a court case over it.

The Iranian crude oil showed up in new figures released by the U.S. Energy Information Agency, raising the eyebrows of commodities traders as Tehran remains targeted by a series of American sanctions. The EIA figures included just over 1 million barrels of Iranian “crude oil imports” in March.

The United States last recorded Iranian crude and petroleum imports of 3,000 barrels per day for October 2020, EIA data showed, also oil Washington had seized under its sanctions programme.

Refinitiv Eikon shipping data showed that the Achilleas discharged its cargo at the U.S. Gulf port of Galveston in March.

The seizure was in line with tough economic sanctions imposed by Washington on Tehran over its nuclear programme and the U.S. designation of a number of Iranian groups and institutions as terrorist organizations. Iran rejects U.S. accusations of wrongdoing.

Iranian Foreign Ministry spokesman Saeed Khatibzadeh said he had “no details” about it.

“Since the time of the former U.S. president, Mr. Bill Clinton, no oil has been purchased from Iran because of their laws,” Khatibzadeh said.

At the height of trade with Iran, in July 1977, the U.S. imported some 26.5 million barrels of crude oil from Iran, then under the rule of the American-allied Shah Mohammad Reza Pahlavi. The aftermath of the 1979 Islamic Revolution in Iran saw those sales plummet to zero in the months that followed.

The United States simply took the Iranian crude oil, then immediately sold it off and now is having a court case to decide where to use the profits from it. Nothing to see here.

MORE ON THE TOPIC:

Support SouthFront

SouthFront

Subscribe
Notify of
guest
19 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
Klaus Meier

US Staatsterroristen beim Diebstahl erwischt. Seepiraten bei der Arbeit. Ekelhaft und kriminell

Peter Moy

Genau. Diese teuflischen Bastarde verdienen jede Katastrophe, die diese Erde hat.

andre zulu

did they transfer the money afterwards…???

Donald Moore

To me it’s not hurting Iran at all. Iran sold the oil, guess got paid for it, it was loaded on a tanker and sent along its way. The ones that bought it lost their money since the US stole it and sold it and now is ready to spend it!

Peter Jennings

Oil is needed to run a country. One cannot sanction such an important commodity. Where’s the UN? where they always are, up to their necks in subterfuge as usual.

Brokenspine66

Piracy & Theft the AmeriCunt World-Terrorist Way!

Ostsee

What else to expect ,America was created by pirates, bandits and thieves. Plundering the world since 1776.

Brokenspine66

And exploiting enslaving butchering hundreds of millions w/o an end in sight, as it is this very day on a global scale.

Last edited 3 years ago by Brokenspine66
SOUTHFRONT IS PROPAGANDA

So where is the source for this ridiculous claim? I can’t seem to find ANY other news reporting it. My name is TRUE!

Antitrol

http://www.timesofisrael.com/documents-show-us-seized-iranian-crude-oil-off-uae-coast-sold-it-for-110m/

https://apnews.com/article/donald-trump-middle-east-iran-iran-nuclear-global-trade-826ea21eb3d9f9fed3681b0ae6b4aa3a

https://abcnews.go.com/International/wireStory/us-sells-off-iranian-crude-oil-seized-off-77997885

and 100s more. Another proof you are the stupidest, the most retarded troll alive (barely alive).

Last edited 3 years ago by Antitrol
SOUTHFRONT IS PROPAGANDA

I said i cant find ANY news reporting this. Your bullshit links are websites hacked by RUSSIAN KGB. Unbelievable, now they manipulate them to write those LIES!!!! My Name is still TRUE! TRUE TRUE TRUE TRUUUUuuUUUEEEE!!!!!!!!!!!

Last edited 3 years ago by SOUTHFRONT IS PROPAGANDA
Arch Bungle

Like I said, you can’t find anything because you’re a moron.

Get off the internet, tool.

Jim Allen

Your name is LIAR.

Arch Bungle

I’ve been following this story for months.

Sources are detailed and plentiful.

The problem is that you’re a complete moron.

Lone Ranger

Piracy at it’s finest. Americants must be proud…

Brokenspine66

They are the No1 in all evil shit you can imagine.

Arch Bungle

This B.S again. It was UAE oil. Iran already collected payment.

KnowTheJew

Gotta pay the Jews their usury on the so-called “national debt.”

KnowTheJew

All those attacking America, be reminded that this is not an American crime, but the US Tyranny’s–The Jews’ “beard” and wardog. America is the country and people, the US tyranny is the rogue and illegal entity occupying America.

19
0
Would love your thoughts, please comment.x
()
x