Iran insists that the fuel on the four tankers the United States seized in the Caribbean en route to Venezuela last week was no longer property of Iran when seized, as it had already been sold to customers. Last week, the United States Administration seized the fuel cargo of several vessels, alleging that the fuel came from Iran and was going to Venezuela. The confiscation followed a lawsuit filed by U.S. prosecutors for the seizure of the cargo carried by the four vessels for violating U.S. sanctions against Venezuela. Venezuela is in the grips of a severe gasoline shortage as refineries are unable to operate normally because of a shortage of diluents necessary for the production of fuels as well as an urgent need for repairs. Iran, as a fellow target of U.S. sanction, has declared its readiness to help Venezuela deal with the shortage and earlier this year […]