US government sells millions of barrels of Iranian oil seized

US government sells millions of barrels of Iranian oil seized

After seizing millions of Iranian cargo oils, the US has sold them to help terrorist victims. This decision comes as tensions between both nations continue to grow. 

The US sold Iranian cargo oil seized 

America has sold around two million of Iran's oil, which was seized due to sanctions placed on the Iranian regime last year. The Justice Department confirmed this. The continued seizures of Iranian oil vessels are part of the US economic measures put on Iran over its stance on nuclear programs. 

The US has also tagged some Iranian groups as '' terrorists'' because of their nefarious activities globally. This move does nothing to ease the relationship between both countries, which has continued to grow worse. Iran has repeatedly said that it hasn't done anything wrong and that the US and its allies are acting based on sentiments. 

Ex-president Donald Trump forfeited some 1.3 million barrels of Iranian oil after getting caught in transit to Venezuela. This shipment remains the biggest by the US of Iran's oil in recent times. The US has indicated it plans to share the proceeds of the sale to victims of the terrorist act by Iran. 

Sale finalized and funds to be sent to victims of terrorism - Justice department 

The spokesperson of the Justice department Marc Raimondi has said that the sale of this oil has been finalized and that government agencies are ironing out final figures. '' The crude has been seized, and it is with the US marshal's service ''  The real value of the seized oil isn't made public, but with the price of oil increasing to pre-pandemic levels, it will be in millions of dollars. 

The justice department will have to get an order of forfeiture before the sales money can be sent to the account created for the'' US victims of terrorist fund''. The report was opened in 2015 to help victims who have suffered in any manner from sponsored terrorist acts. Just last month, the government seized cargo from Iraq because of false declarations.

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