Rare Iranian oil on the shores of the US - MENA startups, innovation, and tech news

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Rare Iranian oil on the shores of the US
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Rare Iranian oil on the shores of the US

1.033 million barrels of Iranian crude oil were spotted on the shores of Unite States in a cargo tanker. As per the Energy Information Administration data, this is the second time Iranian oil is being imported into the country since 1991.

US records show that this oil has landed the country one month after the seizure

The seizure was due to the tough economic sanctions imposed by Washington on Tehran over its nuclear programme and also due to the U.S. designation of several Iranian groups as terrorist organisations, continuing decades of enmity between the two nations. Iran rejects U.S. accusations of wrongdoing. No further details were provided by EIA on this matter.

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