Nearly 10 days after the release of Iranian super tanker Grace 1 by the Gibraltar court, despite all the U.S. warnings that anyone dealing with the Iranian oil tanker would face sanctions, Iran announced that the supertanker’s 2 million-barrel cargo has been sold and the vessel is heading to a destination determined by the buyer.
News ID: 6251 Publish Date : 2019/08/27
Although the European Union has vowed to create a special purpose vehicle to continue trade with Iran after the US sanctions on Tehran’s oil return next week, the bloc is struggling with the set-up of such vehicle because no EU member is willing to host it for fear of angering the United States, Oil Price reported, citing EU diplomats.
News ID: 2477 Publish Date : 2018/10/31