US Sells Iranian Oil

Look at me; I am the captain now.

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The US announced that it has sold the 1.1 million barrels of oil which it took from Iran. The Iranians wanted it to go to Venezuela.

LEGO Pirates fishing on an artificial surface. | “Pirate ship” by LEGOFIIR is licensed under CC BY 2.0

This is the oil that they took by capturing oil tankers back in August.

US Privateering action only cost the English around 300 million dollars in the Revolutionary War.

Surely, this was a profitable operation as this was about 40 million dollars of oil at the current market rate.

The America’s cup sailing competition might still happen, just with public safety considerations.

Some estimates say that these sorts of actions have costed Venezuela billions of dollars.

By Michael Carver
October 28, 2020 2:32 PM

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