Business & Economy
The U.S. may soon receive $600 million worth of Iranian oil that was seized earlier in the war, putting an ancient body of maritime law back in focus
The legal channel the administration is using to seize the tankers is known as prize law and has its roots in the Middle Ages.
AI Summary
Three Iranian‑linked oil tankers are now heading toward the United States after being seized by naval forces during the blockade imposed by President Donald Trump. The vessels, including the Tifani and Majestic X, were boarded in the Indian Ocean in April and have since moved into the Atlantic, now positioned off Brazil’s coast. Their gradual progress revives discussion of the historic maritime “prize” law that could allow the U.S. to claim the cargo, valued at roughly $600 million.
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