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Event Brief

Sanctioned Venezuelan tankers sold for scrap

Two sanctioned oil tankers seized by the U.S. were sold to a Dubai recycler for demolition in India.
WHO: Global Marketing Systems (GMS)
WHAT: Global Marketing Systems acquired two sanctioned oil tankers for demolition in Indian scrap yards.
WHEN: Reported Aug 11, 2026 at 2:42 AM ET
WHERE: India
WHY: The U.S. government sold the vessels to GMS under a court order authorizing the sales.

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