Commodities and Futures News

Iranian tanker reloading oil in Greece that was confiscated by U.S. – sources

2022.08.12 16:33

Iranian tanker reloading oil in Greece that was confiscated by U.S. - sources

ATHENS (Reuters) – An Iranian-flagged tanker is reloading oil that was confiscated by the United States earlier this year after Greek authorities approved the release of the cargo, sources familiar with the matter said on Friday.

The case has strained relations between Athens and Tehran amid growing tensions between Iran and the United States after Washington hired a tanker in April to impound the oil onboard the Lana tanker, which had been anchored off Greece.

The removal of oil from the Lana, formerly the Pegas, prompted Iranian forces in May to seize two Greek tankers in the Middle East Gulf, which have not yet been released.

The Lana had been anchored off the Greek port of Piraeus since late July waiting to reload part of its oil consignment held on the Ice Energy tanker, which was chartered by Washington and had been expected to sail to the United States before Greece’s supreme court ruled the cargo should be returned to Iran.

“The transfer has started,” said a source with knowledge of the matter, on condition of anonymity.

A second source said the transfer process started on Friday and that it was expected to be completed in days.

There was no immediate response from Iran on Friday, which had previously warned of “punitive action” against Athens over the confiscation.

A U.S. State Department spokesperson said in July that Washington was “respectful that this case went through the Greek judicial process”.

Claire Jungman, chief of staff with U.S. advocacy group United Against Nuclear Iran, which monitors Iran-related tanker traffic through ship and satellite tracking, said Greece as a U.S. ally “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.

Source

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 86,284.12 2.83%
ethereum
Ethereum (ETH) $ 2,354.31 5.43%
tether
Tether (USDT) $ 0.999281 0.00%
xrp
XRP (XRP) $ 2.23 2.90%
bnb
BNB (BNB) $ 616.44 0.83%
solana
Solana (SOL) $ 140.93 0.39%
usd-coin
USDC (USDC) $ 1.00 0.01%
dogecoin
Dogecoin (DOGE) $ 0.209172 0.96%
cardano
Cardano (ADA) $ 0.665848 2.58%
staked-ether
Lido Staked Ether (STETH) $ 2,349.86 5.61%
tron
TRON (TRX) $ 0.228318 0.37%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 86,083.06 2.94%
wrapped-steth
Wrapped stETH (WSTETH) $ 2,807.42 5.40%
chainlink
Chainlink (LINK) $ 15.47 1.01%
litecoin
Litecoin (LTC) $ 126.89 6.98%
avalanche-2
Avalanche (AVAX) $ 22.76 2.97%
sui
Sui (SUI) $ 2.95 2.52%
stellar
Stellar (XLM) $ 0.292 0.31%
the-open-network
Toncoin (TON) $ 3.48 2.74%
shiba-inu
Shiba Inu (SHIB) $ 0.000015 2.75%
hedera-hashgraph
Hedera (HBAR) $ 0.200874 1.99%
leo-token
LEO Token (LEO) $ 9.05 0.27%
usds
USDS (USDS) $ 1.00 0.02%
polkadot
Polkadot (DOT) $ 4.89 3.33%
mantra-dao
MANTRA (OM) $ 7.38 3.24%
hyperliquid
Hyperliquid (HYPE) $ 20.85 0.00%
weth
WETH (WETH) $ 2,349.93 5.59%
bitcoin-cash
Bitcoin Cash (BCH) $ 299.85 1.13%
ethena-usde
Ethena USDe (USDE) $ 0.999679 0.02%
bitget-token
Bitget Token (BGB) $ 4.13 4.32%
uniswap
Uniswap (UNI) $ 8.11 2.21%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,491.13 5.60%
monero
Monero (XMR) $ 215.39 2.54%
whitebit
WhiteBIT Coin (WBT) $ 26.43 1.83%
near
NEAR Protocol (NEAR) $ 3.08 1.27%
pepe
Pepe (PEPE) $ 0.000009 2.21%
aptos
Aptos (APT) $ 6.10 8.15%
dai
Dai (DAI) $ 1.00 0.04%
ondo-finance
Ondo (ONDO) $ 1.01 1.68%
internet-computer
Internet Computer (ICP) $ 6.59 1.64%
aave
Aave (AAVE) $ 206.95 0.31%
bittensor
Bittensor (TAO) $ 366.20 1.88%
susds
sUSDS (SUSDS) $ 1.05 0.84%
ethereum-classic
Ethereum Classic (ETC) $ 19.00 0.07%
okb
OKB (OKB) $ 45.35 2.38%
gatechain-token
Gate (GT) $ 21.64 1.12%
official-trump
Official Trump (TRUMP) $ 13.33 2.91%
mantle
Mantle (MNT) $ 0.760445 4.90%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 86,181.09 2.96%
tokenize-xchange
Tokenize Xchange (TKX) $ 30.36 8.04%