US may soon receive $600 million worth of Iranian oil seized earlier in the war
Fortune reports that the US blockade begun in April targets ships entering or leaving Iranian ports and Iran-linked vessels worldwide. It says the administration is using prize law, a legal channel with medieval roots, to seize tankers.
TLDR
Fortune reports the US may soon receive $600 million worth of Iranian oil seized earlier in the war. It says the naval blockade begun in April targets ships entering or leaving Iranian ports, as well as Iran-linked vessels anywhere in the world, including the Indian and Pacific Oceans. The administration is using prize law, a legal channel rooted in the Middle Ages, to seize tankers.
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