Tag: oil

September 11 Victims Want the US to Seize and Sell Iranian Oil

Families of victims of the September 11th attacks have asked the US government to seize Iranian oil that might be on a US-owned ship in Asia.

Even though Iran had nothing to do with the September 11th attacks, a US court has ordered Tehran to pay out more than $3 billion to the families of 9/11 victims. The ruling doesn’t make much sense since nobody has ever seriously accused Iran of being behind the attacks.

But the families are still seeking the money, and since Iran would never voluntarily pay, they are asking the US to seize and sell the Iranian oil.

The oil tanker Suez Rajan is under federal investigation for allegedly carrying oil placed on the ship by the National Iranian Oil Co. and the National Iranian Tanker Corp, which are both under US sanctions. The 9/11 families submitted a court filing on Thursday night asking for the oil to be taken.

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America last: Biden is selling 1/3 of oil reserves he’s releasing to China and India

The Biden administration is releasing 50 million barrels of oil from the nation’s Strategic Petroleum Reserve to lower gas prices.

Because, they say, we cannot be vulnerable to volatile energy supplies.

There’s more to the story.

First, not all of those barrels are going to U.S. consumers. A total of 18 million are expected to be sold to China and India, according to Fox Business.

Energy Secretary Jennifer Granholm indicated Tuesday that the congressionally-approved sale of those 18 million barrels will help drive down U.S. oil prices, presumably by offsetting international oil shortages.

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