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Iran aims to unload $50 million in crude oil from a vessel chartered by Chevron that was seized by Iran in the Arab Gulf last year. The US Navy sought the vessel's release, alleging it had been taken in international waters. The Iranian Navy announced that the Suezmax crude oil tanker would be returned to Iran for further examination. The US seized the Suez Rajan tanker in April of last year, forcing Iran to respond with the captured Chinese-owned ship. The St. Nikolas oil tanker, previously known as the Suez Rajan, was seized by Iran in retribution for the US seizure of 1 million barrels of Iranian oil in 2023.

Iran to Unload $50 Million Worth of Crude Oil From Tanker Seized in 2023

Iran aims to unload $50 million in crude oil from a vessel chartered by Chevron that was seized by Iran in the Arab Gulf last year. The US Navy sought the vessel’s release, alleging it had been taken in international waters. The Iranian Navy announced that the Suezmax crude oil tanker would be returned to Iran for further examination. The US seized the Suez Rajan tanker in April of last year, forcing Iran to respond with the captured Chinese-owned ship. The St. Nikolas oil tanker, previously known as the Suez Rajan, was seized by Iran in retribution for the US seizure of 1 million barrels of Iranian oil in 2023.

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