This batch of crude oil reappeared in the outside world last weekend, when the latest data released by the U.S. Energy Information Administration (RIA) included this batch of Iranian crude oil.
Global Network reported that court documents and government statistics show that in February this year, the United States seized an Iranian oil tanker off the coast of the United Arab Emirates and later sold the oil tanker for more than 200 Ten thousand barrels of crude oil worth $110 million.
(Screenshot of AP report)
Reports indicate that the oil tanker “MT Achilleas” docked in the UAE port city of Fuqa in February. Iraq was detained, and the crude oil on the tanker was also detained. This batch of crude oil reappeared in the outside world last weekend, when the latest data released by the U.S. Energy Information Administration (RIA) included this batch of Iranian crude oil.
Court documents show that the U.S. government took the “MT Achilleas” to Houston, Texas, where it was sold for $110 million (about $55 per barrel). 2 million barrels of crude oil. Regarding the whereabouts of the money, the report said that the money will be held by an escrow agency while the case is heard in court.
When asked about the matter on May 31, local time, Iranian Foreign Ministry spokesperson Saeed Khatibzadeh said that he “had no details” about the matter. “Can be revealed. “(The United States) has not purchased any oil from Iran since the days of former President Bill Clinton because of their laws.”
The Associated Press stated that in July 1977, at the peak of trade with Iran, the United States imported approximately 26.5 million barrels of crude oil from Iran. After Iran’s Islamic Revolution in 1979, U.S. crude oil imports from Iran plummeted to zero within a few months. In the following years, Iranian oil exports to the United States improved, but after the United States banned the import of Iranian oil in October 1987 to “punish” Iran for attacking oil tankers in the Persian Gulf during the Iran-Iraq War, the number fell to zero again. In 1991, then-President George H.W. Bush allowed the ban to be partially lifted.
The report stated that in the following years, as tensions between the West and Iran on the nuclear issue increased, Iran’s crude oil exports to the United States fell to zero again. In July 2015, Iran reached the Iran nuclear agreement with the United States, Britain, France, Russia, China and Germany.
According to the agreement, Iran can once again sell crude oil on the international market. However, the U.S. government unilaterally withdrew from the Iran nuclear deal in May 2018, forcing Iran to secretly take its oil abroad and sell it, most likely at a significantly reduced price. </p