Two Iranian vessels have been stranded for weeks at Brazilian ports, unable to h...
SAO PAULO/RIO DE JANEIRO - Two Iranian vessels have been stranded for weeks at Brazilian ports, unable to head back to Iran due to lack of fuel, which state-run oil firm Petrobras refuses to sell them due to sanctions imposed by the United States.
Food is not covered by U.S. sanctions, and Iran is one of the largest buyers of Brazil’s agricultural commodities, importing more than 2.5 million tonnes of Brazilian corn so far this year — more than any other country. Iran is working to boost petrochemical sales as sanctions hammer its oil industry. The Brazilian urea market was one target.
Sapid Shipping tried unsuccessfully in Paraná courts to force Petrobras to fuel the ships, according to a person familiar with the case, who spoke on condition of anonymity. If the vessels are unable to find a fuel company that does not follow U.S. sanctions, a solution of last resort could be for Iran to send a ship with fuel resupply to Brazil.
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