US Finally Unloads Seized Iranian Oil Cargo After Lengthy Delay

1 min read
Source: Reuters
US Finally Unloads Seized Iranian Oil Cargo After Lengthy Delay
Photo: Reuters
TL;DR Summary

A cargo of Iranian crude oil, seized by the United States, has finally begun unloading after waiting for two-and-a-half months off the coast of Texas. The tanker, Suez Rajan, had been unable to unload due to concerns that any vessel taking the oil would be shunned by customers. The crude oil is now being transferred to another tanker, MR Euphrates, through a ship-to-ship transfer. Iran has threatened retaliation against any company involved in unloading the seized oil, while U.S. lawmakers have urged President Joe Biden to resolve the delay. The U.S. seizures of Iranian oil contribute to a fund compensating victims of state-sponsored terrorism.

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