The US government seized nearly 1 million barrels of Iranian crude oil allegedly bound for China, according to newly unsealed court documents and a statement released by the Department of Justice on Friday. “This is the first-ever criminal resolution involving a company that violated sanctions by facilitating the illicit sale and transport of Iranian oil,” according to the DOJ. The Islamic Revolutionary Guard Corps, a US-designated foreign terrorist organization, allegedly shipped more than 980,000 barrels of oil, the press release stated. The IRCG was fined almost $2.5 million and was sentenced to three years of corporate probation. CNN has reached out to Empire Navigation for comment.

Source: CNN September 09, 2023 22:01 UTC