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(Wall Street Journal) Jay Solomon and Alan Cullison - U.S. officials have uncovered an effort by Iran to help Syria mask its oil exports and evade an American and European embargo. American officials said the Iranian operation is designed to quietly ship Syrian crude oil to Iran, where it can be sold on the international market, with revenue going back to Damascus. In response, the Treasury Department has begun targeting the insurance and registration of international tankers shipping Syrian oil overseas. 2012-01-19 00:00:00Full Article
Iran Helping Syria Circumvent Oil Embargo
(Wall Street Journal) Jay Solomon and Alan Cullison - U.S. officials have uncovered an effort by Iran to help Syria mask its oil exports and evade an American and European embargo. American officials said the Iranian operation is designed to quietly ship Syrian crude oil to Iran, where it can be sold on the international market, with revenue going back to Damascus. In response, the Treasury Department has begun targeting the insurance and registration of international tankers shipping Syrian oil overseas. 2012-01-19 00:00:00Full Article
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