IRGC Seizes Oil Tanker Over Alleged Fuel Smuggling

An oil tanker seized by Iran. Photo: IRNA news agency
An oil tanker seized by Iran. Photo: IRNA news agency
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IRGC Seizes Oil Tanker Over Alleged Fuel Smuggling

An oil tanker seized by Iran. Photo: IRNA news agency
An oil tanker seized by Iran. Photo: IRNA news agency

Iran’s Revolutionary Guard Corps announced it has seized a Togo-flagged oil tanker carrying more than 700,000 liters of fuel in the Gulf, the second such seizure in less than a week.

In a statement, the IRGC said the Togo-flagged “Pearl G” tanker with its nine crew members, who have Indian nationality, was seized by the forces of its Navy's third region on Friday morning following a judicial order.

“Pearl G, which is owned by an Iraqi national residing in the UAE, was offloading smuggled oil from Iranian vessels,” Tasnim reported, adding the vessel had been moved to the port of Bandar Imam Khomeini.

Last week, the IRGC seized another Togo-flagged tanker carrying 1,500 tons of marine gas oil.

British security firm Ambrey said last Monday the vessel had loaded marine gas oil off the coast of Iraq and was destined for UAE's Sharjah when it was intercepted on Sunday, 61 nautical miles southwest of Iran's port of Bushehr.

The Navy confirmed seizure in a statement quoted by Iran's state news agency, saying: “The tanker was systematically engaged in fuel smuggling ... and was seized in the depths of Bushehr's coast by judicial order.”

“The vessel, along with its 12 crew members of Indian and Sri Lankan nationals, has been transferred to Bushehr anchorage and is under supervision,” it added.

Iran, which has some of the world's cheapest fuel due to subsidies and the plunge in the value of its currency, has been fighting rampant smuggling by land to neighboring countries and by sea to other states.

Ambrey said the incident had no political motives but was likely a counter-smuggling operation.

In late January, Iran seized a vessel with the flag of a country from Oceania carrying two million liters of allegedly smuggled fuel.
In May, Iran released seven crew members from a Portuguese-flagged container ship, seized on April 13, after accusing them of links to its arch-foe Israel.
Fuel prices in Iran are among the lowest globally, increasing the profitability of smuggling operations.

But experts previously said that Iran's circumvention of oil sanctions is among the main reasons for the worsening phenomenon of fuel smuggling.

Iran’s Nour News Agency said last December that fuel smuggling was estimated at 20 million liters per day, equivalent to $5 billion.



Iran FM Says He Will Have Indirect Talks with US Envoy over Tehran’s Nuclear Program 

12 February 2025, Iran, Tehran: Iranian Foreign Minister Abbas Araghchi arrive for the weekly cabinet meeting in Tehran. (Iranian Presidency/dpa)
12 February 2025, Iran, Tehran: Iranian Foreign Minister Abbas Araghchi arrive for the weekly cabinet meeting in Tehran. (Iranian Presidency/dpa)
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Iran FM Says He Will Have Indirect Talks with US Envoy over Tehran’s Nuclear Program 

12 February 2025, Iran, Tehran: Iranian Foreign Minister Abbas Araghchi arrive for the weekly cabinet meeting in Tehran. (Iranian Presidency/dpa)
12 February 2025, Iran, Tehran: Iranian Foreign Minister Abbas Araghchi arrive for the weekly cabinet meeting in Tehran. (Iranian Presidency/dpa)

Iran's foreign minister said Tuesday he'll meet with US envoy Steve Witkoff in Oman for the first negotiations under the Trump administration seeking to halt Tehran’s rapidly advancing nuclear program as tensions remain high in the Middle East.

Speaking to Iranian state television from Algeria, Abbas Araghchi maintained the talks would be indirect, likely with Omani mediators shuttling between the two parties. US President Donald Trump, in announcing the negotiations on Monday, described them as being direct talks.

Years of indirect talks under the Biden administration failed to reach any success, as Tehran now enriches uranium up to 60% purity — a technical step away from weapons-grade levels. Both the US and Israel have threatened Iran with military attack over the program, while officials in Tehran increasingly warn they could potentially pursue a nuclear bomb.

“Our main goal in the talks, is naturally restoring rights of people as well as lifting sanctions and if the other side has a real will, this is achievable, and it has no relation to the method, either direct or indirect,” Araghchi said.

“For the time being, indirect is our preference. And we have no plan to alter it to direct.”

There was no immediate acknowledgement from the US that Witkoff would lead the US delegation.

After Trump's comments on the talks went public, Iran's ailing economy suddenly showed new signs of life. Its rial currency, which hit a record low of over 1 million rials to the dollar, rebounded Tuesday to 990,000 rials. The Tehran Stock Exchange separately rose some 2% on the news.

Iran’s economy has been severely affected by international sanctions, particularly after Trump unilaterally withdrew America from Tehran’s nuclear deal with world powers in 2018. At the time of the 2015 deal, which saw Iran drastically limit its enrichment and stockpiling of uranium in exchange for lifting of international sanctions, the rial traded at 32,000 to the dollar.

Economic upheavals have evaporated the public’s savings, pushing average Iranians into holding onto hard currencies, gold, cars and other tangible wealth. Others pursue cryptocurrencies or fall into get-rich-quick schemes.

The negotiations Saturday come after Trump wrote to Iran’s Supreme Leader Ali Khamenei, trying to jumpstart direct talks between Tehran and Washington.

Meanwhile, Trump is continuing an intense airstrike campaign targeting the Iranian-backed Houthi militias in Yemen, the last force in Tehran’s self-described “Axis of Resistance” able to attack Israel after other militant groups were mauled by Israel during its war on Hamas in the Gaza Strip.