Mumbai, May 3: An Iranian super tanker has reportedly evaded a US blockade and made its way to the Asia-Pacific region. According to monitoring firm TankerTrackers.com, the vessel left with approximately 1.9 million barrels of crude oil, valued at around $220 million. The Very Large Crude Carrier (VLCC), identified as “Hugh,” is said to belong … Read more
New Delhi, March 26: Reliance Industries Limited (RIL) has categorically denied reports claiming that the company purchased crude oil from Iran. The company labeled these reports as ‘baseless’. Earlier, some media reports suggested that RIL had acquired approximately 5 million barrels of crude oil from Iran, following a temporary lifting of U.S. restrictions on Iranian … Read more
Washington, March 7: The United States has initiated legal proceedings to seize over $15 million, alleging that the funds are linked to Iran’s illegal oil distribution network. This network reportedly utilized the international financial system to evade US sanctions and provided support to organizations associated with Iran’s Revolutionary Guard. The US Department of Justice has … Read more
