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Iran Seized Oil Tanker in Retaliation to US Oil Theft Amid Sanctions

OIL

Iran has seized the St Nikolas oil tanker with a court order to retaliate for the “oil theft” by the US last year, Iran’s semi-official Mehr said, cited by Bloomberg.

  • The vessel, that was earlier said to be headed toward Iranian waters, is being transferred to an undisclosed Iranian port for delivery to judicial authorities, Mehr said.
  • In 2023 the St Nikolas was seized by the US in a sanctions enforcement operation when it sailed under a different name, Suez Rajan. The Suez Rajan was carrying more than 980k barrels of Iranian crude oil last year when it was seized and the oil confiscated in the US sanctions enforcement operation.
Energy BulletsCommodities
Energy BulletsCommodities

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