Iranian Oil Stolen by the US Stuck on a Tanker Off the Coast of Texas
US companies are hesitant to unload the oil over concerns of retaliation from Iran in the Persian Gulf | US federal prosecutors are struggling to sell off a shipment of stolen Iranian oil being carried by a Greek tanker off the coast of Texas, The Wall Street Journal reported Tuesday. ● The US Justice Department seized the Greek tanker Suez Rajan in April under the pretext of sanctions enforcement and forced the ship to head for Texas instead of China. The Suez Rajan is carrying 800,000 barrels of stolen oil and is currently off the coast of Galveston. ● According to the Journal, the US can’t sell the oil because the companies that would unload the oil are worried about Iranian retaliation in the Persian Gulf. “Companies with any exposure whatsoever in the Persian Gulf are literally afraid to do it,” a Houston-based energy executive involved in the matter told the paper. ● The US has a history of seizing tankers and stealing Iranian cargo. In 2021, the Biden administration sold off two million barrels of Iranian oil taken from a tanker that was seized off the coast of the UAE. During the Trump administration, the US seized ships carrying Iranian gas bound for Venezuela and discharged some of the cargo in New York.