Four Iranian gasoline cargoes that were bound for Venezuela but seized by the US earlier this year have been sold in a forfeiture auction for more than $40 million, the US Department of Justice said Oct. 29 Receive daily email alerts, subscriber notes & personalize your experience. Register Now Elliott Abrams, the US State Department’s special representative for Iran and Venezuela, called the forfeiture case a “triple victory” for US national security interests. He said it deprived Iran of oil revenue, blocked badly needed fuel supplies to the Maduro regime in Venezuela, and will go into a fund for US victims of state-sponsored terrorism. “With every shipment of oil or gasoline or petrochemicals that we can stop that someone doesn’t undertake because of US sanctions, [Iran loses] millions of dollars […]