Iran will auction two seized oil tankers involved in oil smuggling, the Iranian judiciary’s Mizan news agency reported on Tuesday.

“Two oil tankers Sagha 2 and Ariana… will be sold in the auction”, Mizan cited a judiciary official as saying.

In October 2022, Iran’s Revolutionary Guards seized the Panama-flagged vessel Ariana carrying 11 million litres of smuggled fuel in the Gulf, according to Iran’s state media.

The content of the tanker was transferred to the National Iranian Oil Company according to a judicial order.
Mizan news agency did not give further details about the Sagha 2 tanker.

Iran, which has some of the world’s cheapest fuel prices due to heavy subsidies and the plunge in the value of its national currency, has been fighting rampant fuel smuggling by land to neighbouring countries and by sea to Gulf Arab states.
Source: Reuters (Reporting by Elwely Elwelly; Editing by Michael Perry)