The top court in Brazil overturned a lower-court injunction and ordered Brazil’s state energy firm Petrobras to provide fuel to two Iran-flagged vessels containing grain that have been stuck at Brazilian ports because they don’t have enough fuel to return to Iran. The two Iran-flagged vessels have been sitting idle at Brazilian ports for weeks because they need fuel to return to Iran, but Petrobras has been refusing to sell them fuel because of the U.S. sanctions on Iran that could also affect the Brazilian state-held energy company listed in New York. Iranian ships Bavand and Termeh traveled to Brazil earlier this year loaded with urea, a petrochemical product which is used as a fertilizer. After offloading the urea, the ships were planned to load corn from Brazil and return to Iran. But the vessels don’t have enough fuel for the voyage home. The owner of the two ships, […]