The Justice Department on Friday said claimed that it can seize Grace 1, and all of the oil on board, based on alleged violations of the International Emergency Economic Powers Act, bank fraud, money laundering, and terrorism statutes.
The Iranian supertanker Grace 1, said to be carrying 2.1 million barrels of light crude oil, was seized on July 4 in the Strait of Gibraltar as it was suspected of carrying oil to war-torn Syria in violation of EU sanctions.
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