
United States· AllenUS Considers Reviving 'Prize Courts' to Seize Iranian Oil Tankers
The US Justice Department is reportedly exploring the revival of 'prize courts' to seize Iranian-linked oil tankers and their cargo, potentially escalating tensions with Iran.
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US Justice Dept. Considers Reviving 'Prize Courts' to Seize Iranian Oil Tankers
First report 5h agoLast update 2h agoIran views these actions as hostile and asserts its control over the Strait of Hormuz, stating it will not be reopened without Iran's terms being met.
The plan to use prize courts is a strategic move to transfer seized Iranian assets to the Treasury with fewer delays and restrictions, despite potential legal challenges.
China warns the US that it will take necessary measures to protect its interests amidst escalating Iran sanctions.
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