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US Aims to Revive Civil War-Era Court to Claim Iran Oil as Prize
Source: Bloomberg
Geopolitics & WarSanctions & Export ControlsLegal & Litigation
The US Justice Department plans to reactivate a dormant maritime war court to streamline the capture of Iranian oil tankers as US prizes. The initiative suggests tighter enforcement around Iranian oil shipments, increasing legal and operational risk for affected tanker operators and counterparties.
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