{"id":5465,"date":"2026-09-28T00:24:04","date_gmt":"2026-09-28T00:24:04","guid":{"rendered":"https:\/\/www.vaultinsider.top\/?p=5465"},"modified":"2026-09-28T00:24:04","modified_gmt":"2026-09-28T00:24:04","slug":"the-u-s-may-soon-receive-600-million-worth-of-iranian-oil-that-was-seized-earlier-in-the-war","status":"publish","type":"post","link":"https:\/\/www.vaultinsider.top\/?p=5465","title":{"rendered":"The U.S. may soon receive $600 million worth of Iranian oil that was seized earlier in the war"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/fortune.com\/img-assets\/wp-content\/uploads\/2026\/09\/9917594-e1790548234662.jpg?w=2048\" \/><\/p>\n<p>Three oil tankers linked to Iran have been gradually making their way toward the U.S. after being seized by naval forces when President Donald Trump first imposed a blockade on the regime.<\/p>\n<div>\n<p class=\"wp-block-paragraph\">The <em>Tifani<\/em> and <em>Majestic X<\/em> are now off the coast of Brazil after they were boarded in the Indian Ocean in April, according to Bloomberg. A third ship, known as the <em>Lenore<\/em> as well as the<em> Davina<\/em>, just cleared the Cape of Good Hope at the southern tip of Africa and is headed west into the Atlantic after being interdicted in the Indian Ocean in June. <\/p>\n<p class=\"wp-block-paragraph\">All three tankers are very large crude carriers, which can each hold 2 million barrels of crude. Brent futures are currently trading at about $106 per barrel.<\/p>\n<p class=\"wp-block-paragraph\">\u201cNearly six million barrels (valued at nearly $600M) of seized Iranian crude oil are quietly crossing the Atlantic Ocean towards the United States of America,\u201d Tanker Trackers posted on X on Wednesday. <\/p>\n<p class=\"wp-block-paragraph\">The U.S. initiated its naval blockade in April, targeting ships attempting to enter or leave Iranian ports. It also applied to Iran-linked vessels anywhere in the world, including the Indian and Pacific Oceans.<\/p>\n<p class=\"wp-block-paragraph\">After a brief ceasefire lifted the blockade over the summer, Trump reimposed it weeks later as he pivot toward economic warfare and away from bombs.<\/p>\n<p class=\"wp-block-paragraph\">Meanwhile, the legal channel the administration is using to seize the tankers and enforce forfeiture is known as prize law and has its roots in the Middle Ages.<\/p>\n<p class=\"wp-block-paragraph\">Unlike civil seizure laws that require the U.S. government to identify a statutory violation and establish jurisdiction, prize law\u00a0doesn\u2019t require a captor to have a warrant or tie a vessel\u2019s seizure to a violation of an existing statute.<\/p>\n<p class=\"wp-block-paragraph\">Rather than law enforcement authorities like the Coast Guard having to seize a vessel under civil seizure laws, the Defense Department can seize an enemy vessel instead.<\/p>\n<p class=\"wp-block-paragraph\">In the U.S., prize law appears in the Constitution, which outlines rules for capturing and confiscating enemy vessels during times of war in its\u00a0Captures Clause.\u00a0During the Civil War, President Abraham Lincoln used the Prize Act of 1812 to\u00a0blockade Confederate seaports. That law was most recently invoked\u00a0during the Spanish-American War.<\/p>\n<p class=\"wp-block-paragraph\">If the tankers carrying the Iranian oil do end up at a U.S. port, it would likely be along the Texas coast, which is home to top refiners and the Houston-based U.S. Attorney for the Southern District of Texas.<\/p>\n<p class=\"wp-block-paragraph\">The office, headed by Aaron Reitz, told Bloomberg it\u2019s ready to represent the U.S. \u201cin adjudicating prizes\u201d brought to Texas through federal courts.<\/p>\n<p class=\"wp-block-paragraph\">In a statement last month to <em>Fortune\u2019s<\/em>\u00a0Sasha Rogelberg, Reitz did not specify if the Justice Department will invoke the Prize Act of 1812, the Captures Clause, or another law.<\/p>\n<p class=\"wp-block-paragraph\">\u201cOur national security interests may require the United States military to seize vessels or cargo supporting the enemy during military conflict. If that happens, our federal courts must be ready to adjudicate the disposition of these captured vessels and cargo,\u201d he said. \u201cPrize law is an ancient body of maritime law\u2014already codified in statute but which we are now reviving\u2014that sets the rules for how seized maritime property is condemned, returned, or disposed of.\u201d<\/p>\n<\/div>\n<p>#U.S #receive #million #worth #Iranian #oil #seized #earlier #war<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Three oil tankers linked to Ir&hellip; <\/p>\n","protected":false},"author":1,"featured_media":5466,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[2720,3464,456,709,673,717,1959,6022,687,356,78],"class_list":["post-5465","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-news","tag-department-of-justice","tag-earlier","tag-iran","tag-iranian","tag-million","tag-oil","tag-receive","tag-seized","tag-u-s","tag-war","tag-worth"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - 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