Two Iran-flagged vessels have been sitting idle at Brazilian ports for weeks because they need fuel to return to Iran, but Brazil’s Petrobras refuses to sell them fuel because of the U.S. sanctions on Iran that could also affect the Brazilian state energy firm listed in New York. Iranian ships Bavand and Termeh traveled to Brazil earlier this year loaded with urea, a petrochemical product which is used as a fertilizer. After offloading the urea, the ships were planned to load corn from Brazil and return to Iran, officials at the Brazilian port operator at the Paranaguá told Reuters. But the vessels don’t have enough fuel for the voyage back to Iran. The owner of the two ships, Iran’s state company, Sapid Shipping Co, has been trying, unsuccessfully, at local Brazilian courts to force bunker fuel supplier, Transpetro—a unit of Petrobras—to sell it fuel for the return trip, a […]