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Greek shipper pleads guilty to smuggling Iranian crude oil, to pay fine

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Post Courier

Post Courier

Papua New Guinea's 'trupla' leading Daily Newspaper Since 1969.The Post-Courier is proud of its record as the voice of PNG. We were there when the nation took its first bold steps towards independence. Since that time, we have fearlessly recorded the nation's progress.

DUBAI: A Greek shipping company has pleaded guilty to smuggling sanctioned Iranian crude oil and agreed to pay a US$2.4 million (K8.7 million) fine, newly unsealed US court documents seen Thursday by The Associated Press show.

The now-public case against Empire Navigation, which faces three years of probation under the plea agreement, marks the first public acknowledgement by US prosecutors that America seized some 1 million barrels of oil from the tanker Suez Rajan.

The saga surrounding the ship further escalated tensions between Washington and Iran, even as they work toward a trade of billions of dollars in frozen Iranian assets in South Korea for the release of five Iranian Americans held in Tehran.

The court filings also shed light on the covert world of Iranian crude oil smuggling in the face of Western sanctions since the collapse of its 2015 nuclear deal — an operation that has only grown in scale over this year.

The US and its allies have been seizing Iranian oil cargoes since 2019. That’s led to a series of attacks in the Mideast attributed to the Islamic Republic, as well as ship seizures by Iranian military and paramilitary forces that threaten global shipping through the Strait of Hormuz, the narrow mouth of the Persian Gulf through which 20 per cent of the world’s oil passes.

The Suez Rajan came to focus in February 2022, when the group United Against Nuclear Iran said it suspected the tanker carried oil from Iran’s Khargh Island.

– AP