Washington (CNN) The US announced Thursday that it has sold petroleum from its largest-ever seizure of Iranian fuel for more than $40 million and will direct most of the proceeds to a fund for the victims of state-sponsored terrorism. Officials from the State Department and Department of Justice also said that the US had conducted its largest ever seizure of Iranian weapons in late 2019 and early 2020. "These actions represent the government's largest-ever civil seizures of fuel and weapons from Iran," said John Demers, the assistant attorney general for national security. The news of the seizures and sale came shortly after the US Treasury Department unveiled sanctions on eight entities based in Iran, China and Singapore for selling and purchasing Iranian petrochemical products. The entities worked with Triliance Petrochemical Co. Ltd., a Hong Kong-based broker with branches in Iran, which has already been sanctioned by the US government.

Source: The Nation October 29, 2020 21:06 UTC