The Buzz | Iran says oil aboard tanker pursed by US sold; buyer unnamed

Iran announced that the 2.1 million barrels of crude aboard an Iranian oil tanker pursued by the U.S. has been sold to an unnamed buyer as the ship, at the center of a crisis roiling the region, continued its voyage in the Mediterranean Sea.

The announcement by government spokesman Ali Rabiei represent just the latest twist in the saga of the Adrian Darya 1, which had been known as the Grace 1 when authorities seized the vessel off Gibraltar on July 4, on suspicion of breaking European Union sanctions targeting Syria.

The seizure of the ship, and Iran’s subsequent seizure of a British-flagged oil tanker, came amid heightened tensions between the U.S. and Iran over the collapse of Tehran’s nuclear deal with world powers.

Speaking to journalists yesterday in Tehran, Rabiei declined to name the oil’s buyer, nor terms for the sale. At market rates, the crude oil aboard the Adrian Darya would be worth about $130 million. However, anyone buying it likely would be targeted by U.S. financial sanctions.

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