An American-owned oil tanker long suspected of carrying sanctioned Iranian crude oil began offloading its cargo near Texas late Saturday, tracking data showed, even as Tehran has threatened to target shipping in the Persian Gulf over it.
Ship-tracking data analyzed by The Associated Press showed the Marshall Islands-flagged Suez Rajan was undergoing a ship-to-ship transfer of its oil to another tanker, the MR Euphrates, near Galveston, some 70 kilometers southeast of Houston.
U.S. officials and the owners of the Suez Rajan, the Los Angeles-based private equity firm Oaktree Capital Management, did not immediately respond to requests for comment. In the meantime, Iran has seized two tankers near the Strait of Hormuz, including one with cargo for U.S. oil major Chevron Corp. In July, the top commander of the Revolutionary Guard’s naval arm threatened further action against anyone offloading the Suez Rajan, with state media linking the recent seizures to the cargo’s fate.
Iran’s 2015 nuclear deal with world powers saw it regain the ability to sell oil openly on the international market. But in 2018, then-President Donald Trump unilaterally withdrew from the accord and re-imposed American sanctions. That slammed the door on much of Iran’s lucrative crude oil trade, a major engine for its economy and its government. It also began a cat-and-mouse hunt for Iranian oil cargo — as well as series of escalating attacks attributed to Iran since 2019.
Claire Jungman, the chief of staff at United Against Nuclear Iran, praised the transfer finally happening.
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