US Seizes 1 Million Barrels of Iranian Oil Bound for China, Links Shipment to Sanctioned Terrorist Group
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The US seized nearly 1 million barrels of Iranian oil allegedly bound for China.
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The oil was shipped by entities affiliated with Iran's Islamic Revolutionary Guard Corps, designated a terrorist organization.
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Profits from the oil sales allegedly fund the IRGC's activities including proliferation of weapons and support for terrorism.
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The company operating the ship carrying the oil, Empire Navigation, pleaded guilty to violating sanctions.
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Empire Navigation was fined $2.5 million, sentenced to 3 years probation, and had expenses bringing the ship to the US.