U.S. Seizes 1 Million Barrels Of Smuggled Iranian Crude Enroute To China

U.S. authorities seized nearly 1 million barrels of Iranian oil that were being illegally smuggled to China earlier this year, reports have emerged. The U.S. seized Greek-owned M/T Suez Rajan with court filings showing allegations from U.S. prosecutors that Iran falsified the vessel's cargo records and obfuscated its location to avoid accurate tracking. The Greek shipper has already agreed to pay a $2.4 million fine. Iranian crude exports have hit as high as 2mb/d, the highest level since 2018 despite the country still being under U.S. sanctions.…