The US Department of Justice (DOJ) announced on Friday that the US disrupted a multi-mullion dollar fuel shipment by Iran’s Revolutionary Guard bound for Venezuela. Additional takeaways from the statement “Executed a seizure order by a US court and confiscated cargo totalling approximately 1.116 million barrels of petroleum from four vessels.” “After enforcement of the US forfeiture order, Iran’s navy forcibly boarded an unrelated ship in an apparent attempt to recover seized petroleum.” “Action was the US government’s largest-ever seizure of fuel shipments from Iran.” “With the assistance of foreign partners, seized property is now in the US custody.” Market reaction Crude oil’s reaction to this development was largely muted. As of writing, the barrel of West Texas Intermediate (WTI) was down 0.65% on a daily basis at $42.05. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next US Retail Sales: Details offer the latest evidence of the V-shape recovery in consumer goods spending – Wells Fargo FX Street 2 years The US Department of Justice (DOJ) announced on Friday that the US disrupted a multi-mullion dollar fuel shipment by Iran's Revolutionary Guard bound for Venezuela. Additional takeaways from the statement "Executed a seizure order by a US court and confiscated cargo totalling approximately 1.116 million barrels of petroleum from four vessels." "After enforcement of the US forfeiture order, Iran’s navy forcibly boarded an unrelated ship in an apparent attempt to recover seized petroleum." "Action was the US government's largest-ever seizure of fuel shipments from Iran." "With the assistance of foreign partners, seized property is now in the US custody." Market reaction Crude… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
