Iranian Tanker Reloads Oil Confiscated By U.S. In Greece
1 mins read
Published on August 29, 2022
An Iranian-flagged tanker is reloading oil confiscated in April by the United States after Greek authorities approved the release of the cargo, Iran's embassy in Athens and sources familiar with the matter said on Friday.
"The operation to transfer Iran's stolen oil to the Lana ... is underway in Greek waters, and the ship will soon depart for our country with a full shipment of oil," Iran's embassy in Greece said on its Twitter account.
"The transfer has started," a source with knowledge of the matter told Reuters on condition of anonymity, while a second source said the process started on Friday and was expected to be completed in days.
Tehran had previously warned of "punitive action" against Athens over the case, which has strained relations between the two countries after the United States hired a ship to impound the oil from the Lana tanker, when it was anchored off Greece.
The U.S. State Department said in July it was "respectful that this case went through the Greek judicial process".
The Lana, formerly the Pegas, had been expected to sail to the United States before Greece's supreme court ruled the cargo should be returned to Iran.
The ship had been anchored off the Greek port of Piraeus since late July waiting to reload part of its oil consignment held on the U.S.-chartered tanker the Ice Energy.
The removal of oil from the Lana prompted Iranian forces in May to seize two Greek tankers in the Middle East Gulf, which have not yet been released.
Claire Jungman, chief of staff with U.S. advocacy group United Against Nuclear Iran, which monitors Iran-related tanker traffic, said Greece "had an opportunity to take a stance".
"Instead, this decision by the Greek courts tells Iran that there are no repercussions for its hijacking of tankers," Jungman told Reuters.
Great Deals on Used CarsView All Used Cars
- 41,489 km
- 35,249 km
- 8,000 km
- 88,000 km
- 24,110 km
- 72,000 km
- 53,763 km
- 20,156 km
- 64,000 km
- 65,000 km
2 hours ago
The latest iteration gets a slew of updated features and mechanical upgrades.
4 hours ago
The brand is offering free service support through its dealer network in Chennai and other affected areas.
4 hours ago
Toyota and its dealer partners have set up a special emergency helpline number and have a deployed the Hilux pickup for rescue and movement of submerged vehicles
7 hours ago
Starting from December 8, 2023 customers affected by the flash floods can avail free RSA, engine check-ups and other service benefits at the Yamaha service centers
8 hours ago
MG Motor India has introduced a December Fest sale with sizable benefits across its lineup with offers valid until December 31
8 hours ago
Ducati said that the price increase was due to a rise in operational costs and will affect select motorcycles on sale
10 hours ago
The Q6 e-Tron will boast an 800-volt electrical system, a 100 kWh battery offering a range of 373 miles, and dual electric motors generating up to 510 horsepower
The made-in-India sport bike is powered by a 457 cc parallel-twin engine that puts out a peak 47 bhp.
The new Triumph Bonneville Stealth Editions come with special hand-painted colours that change hues depending on the light
The W175 Street gets alloy wheels and tubeless tyres, aside from new paint finishes
Brent crude futures rose 1.8%, to settle at $76.69 a barrel, while U.S. West Texas Intermediate crude (WTI) ended $1.23 higher at $70.90.
Brent crude settled down 1.2%, to $74.99 while West Texas Intermediate U.S. crude futures fell 1%, to $69.26 a barrel.
Brent crude futures fell by 78 cents to settle at $75.91 a barrel. U.S. West Texas Intermediate crude futures slid by 94 cents, to end the session at $69.96 a barrel.
According to the International Energy Agency (IEA), Russia's total exports of oil and petroleum products in February 2023 fell to 7.5 million barrels per day (bpd), from an average amount of 7.7 million bpd in 2022 (7.5 million bpd in 2021).
Fuel demand in February hit its highest level in at least 24 years, data from the website of the Petroleum Planning and Analysis Cell (PPAC) showed this month.