Trump admin to sell Iranian fuel meant for Venezuela, give proceeds to terror victims

Iranian-flagged oil tanker Fortune arriving at the El Palito refinery in Puerto Cabello, in Venezuela, on May 25, 2020. (AFP)

The Trump administration plans to use proceeds from the sale of fuel confiscated from Iranian tankers to benefit victims of terrorism, officials announced Thursday.

The US military in August seized 1.1 million barrels of fuel from four Iranian tankers bound for Venezuela. The fuel has since been sold, and officials say the proceeds will go to a special fund for victims of state-sponsored terrorism.

For all the latest headlines follow our Google News channel online or via the app.

The money "will now go to a far better use than either regime, Iran or Venezuela, could have envisioned because it will provide relief for victims of terrorism rather than the perpetrators of such acts," said Elliott Abrams, the State Department's special representative for Iran and Venezuela.
“So that is both poetic and tangible justice,” he added.

The US estimates that it will be able to recoup some $40 million from the sale, said Michael Sherwin, acting US attorney for the District of Columbia.

A separate forfeiture complaint from the Justice Department centers on Iranian missiles that were seized from flagless vessels in November and February. Officials say the cargo was intended for militant groups in Yemen.

In addition to the forfeiture complaints, the administration also announced sanctions against multiple petroleum companies in Iran.

The administration has had a contentious relationship with Iran, announcing last month that it had restored all United Nations sanctions that had been eased under the 2015 nuclear deal. Last week, officials accused Iran of election interference through the distribution of threatening emails to Democratic voters in multiple states.

“With these seizure actions, we are expanding our toolbox to combat Iran’s bad behavior,” said Assistant Attorney General John Demers, the Justice Department's top national security official.

Read more:

US sanctions Iran’s oil ministry, companies, officials for supporting IRGC-Quds Force

US confirms the seizure of four Iranian tankers headed to Venezuela

Tankers carrying Iranian fuel begin entering Venezuelan waters: Data

SHOW MORE
Last Update: Friday, 30 October 2020 KSA 00:29 - GMT 21:29
Top