The Justice Department has announced the sale of around 1.1 million barrels of Iranian crude oil seized by the U.S. Navy from four foreign-flagged tankers that were en route to Venezuela. The crude was the property of Iran’s Islamic Revolutionary Guard Corps (IRGC), which the United States and several other countries have designated a foreign terrorist organization, with the seizure taking place on an undisclosed date in or around the Arabian Sea. The sale, with net proceeds of around $26.7 million, was made following an Oct. 1 court order that formalized the forfeiture. It came after the U.S. government filed a complaint in July 2020 alleging that the crude originated in Iran and that its sale would have benefitted the IRGC. “In its opinion, the court found that the United States had sufficiently alleged that the petroleum products provided a source of influence over the IRGC because those properties were …