DUBAI, United Arab Emirates (AP) — An American-owned oil tanker long suspected of carrying sanctioned Iranian crude oil began offloading its cargo near Texas late Saturday, tracking data showed, even as Tehran has threatened to target shipping in the
The fate of the cargo aboard the Suez Rajan has become mired in the wider tensions between the U.S. and the Islamic Republic, even as Tehran and Washington work toward a trade of billions of dollars in frozen Iranian assets in South Korea for the release of five Iranian-Americans held in Tehran.
U.S. officials and the owners of the Suez Rajan, the Los Angeles-based private equity firm Oaktree Capital Management, did not immediately respond to requests for comment. In the meantime, Iran has seized two tankers near the Strait of Hormuz, including one with cargo for U.S. oil major Chevron Corp. In July, the top commander of the Revolutionary Guard's naval arm threatened further action against anyone offloading the Suez Rajan, with state media linking the recent seizures to the cargo's fate.
Iran’s 2015 nuclear deal with world powers saw it regain the ability to sell oil openly on the international market. But in 2018, then-President Donald Trump unilaterally withdrew from the accord and re-imposed American sanctions. That slammed the door on much of Iran’s lucrative crude oil trade, a major engine for its economy and its government. It also began a cat-and-mouse hunt for Iranian oil cargo — as well as series of escalating attacks attributed to Iran since 2019.
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