Commodities
US government considers reviving "War-Spoils" court in order to claim Iranian oil, according to reports
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The US DoJ and Pentagon plan to revive WWII-era prize courts to condemn and sell seized Iranian oil and tankers for the Treasury, though legal challenges loom.
News detail
The DoJ, coordinating with the Pentagon, is preparing to revive a maritime prize court mechanism dormant since WWII to support the Iran blockade Prosecutors could condemn and sell seized tankers or oil, with proceeds going to the US Treasury Legal challenges are expected
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