MFA: Iran selling its oil despite all sanctions

Elias Hubbard
September 11, 2019

Iran this week freed seven of the 23 crew people of the British-flagged tanker.

A French plan for a $15bn credit line to help the Iranians sell their oil appears to have foundered because of United States objections to reintroducing oil export waivers, a precondition for the plan gaining traction.

"US engages in piracy & threats to prevent Iran from selling oil to traditional customers".

It was seized by British marines off Gibraltar in July and held there until 15 August when Iran gave assurances it would not sail to Syria.

On Sunday the Iranian foreign ministry said that ship would be released soon, adding that preparations for the ship's release were at their last stages.

USA authorities later the Guard was the true owner of the Adrian Darya 1.

Satellite imaging company Maxar released photographs which is said showed the Adrian Darya about two nautical miles off the Syrian port of Tartus on Friday.

Iranian oil tanker Adrian Darya-1 or Grace-1
MFA: Iran selling its oil despite all sanctions

Captured in July as the Grace I and renamed the Adrian Darya-1 after its release, an Iranian oil tanker has finally made its delivery, according to the Iranian Foreign Ministry, who termed the oil "sold".

Iran insisted the ship and its 2.1million barrels of oil were not headed for Syria, but fears have grown since the tanker turned its tracker beacon off last week.

However, sources in the shipping sector suggest that the tanker is trying to transfer part of its cargo to another ship, after Iran said it sold the oil.

The Adrian Darya-1 - formerly known as Grace 1 - was released by Gibraltar authorities on August 15, after Tehran offered assurances that the ship will not make its way to Syria because the Assad regime is under an European Union oil embargo. "This network has moved hundreds of millions of dollars worth of illicit oil". The US State Department's special representative for Iran unsuccessfully tried to bribe Kumar into delivering the ship to the US or its allies.

"A maritime threat has been reported in the Red Sea in the vicinity of Yemen".

"Iran is a black box, but it's also not a black box" as there are ways to uncover secretive activity, said Devin Geoghegan, global director of petroleum intelligence at Genscape Denver, Colorado.

A spokesman for the US Navy's Bahrain-based 5th Fleet, Commander Joshua Frey said the Navy remained ready to maintain the safety of shippers in the region. He declined to specifically discuss the warning.

Other reports by Click Lancashire

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