US sells a million gallons of seized Iranian oil amid rising tensions

The United States has sold off over a million gallons of Iranian oil that had been seized last year. The shipment was being sent to Venezuela but was intercepted before arrival. Last week, the final gallons were sold off by Washington, with profits totalling over $40 million. The cargo was seized under the pretext of violations of U.S. sanctions on Tehran, which greatly limit both Iranian imports and exports.