Commodities
US Seizes Iranian Tankers Carrying $600M Worth of Stolen Oil
Three Iranian tankers carrying stolen oil worth $600 million have been identified after being seized by the United States in May this year. The Majestic X and Tiffany are currently off the northern coast of Brazil, while the Lenore has rounded the Cape of Good Hope and entered the South Atlantic Ocean.
The seizure occurred in the Sea of Oman, where the tankers were carrying a total of 6 million barrels of oil attributed to Iran. TankerTrackers.com reported that the cargo was seized by the US.
The exact details of the oil's origin and the circumstances surrounding its seizure are unclear. However, it appears that the United States has taken action against the Iranian tankers in response to concerns over stolen oil.