quote: Prize Act Authority. 🧐 “The unfinalized plans, if adopted, would offer a faster path for [US] federal prosecutors to claim oil and other cargo taken from enemy or neutral vessels as US property. The seized goods would then be sold with proceeds transferred to the treasury.” | The Justice Department is preparing to activate a long-dormant maritime war court to streamline military capture of Iranian oil tankers as US prizes, according to three people familiar with the plans. Reviving prize courts, which is expected to face legal challenges, is intended to strengthen the blockade of Iran and offset the cost of the conflict. Aaron Reitz, the Houston-based US attorney whose office is partnering with department headquarters on the initiative, confirmed DOJ is “now reviving” prize courts, which he described as an “ancient body of maritime law.” #oott https://www.bloomberg.com/news/articles/2026-08-26/us-aims-to-revive-civil-war-era-court-to-claim-iran-oil-as-prize

quote: Prize Act Authority. 🧐 “The unfinalized plans, if adopted, would offer a faster path for [US] federal prosecutors to claim oil and other cargo taken from enemy or neutral vessels as US property. The seized goods would then be sold with proceeds transferred to the treasury.” | The Justice Department is preparing to activate a long-dormant maritime war court to streamline military capture of Iranian oil tankers as US prizes, according to three people familiar with the plans. Reviving prize courts, which is expected to face legal challenges, is intended to strengthen the blockade of Iran and offset the cost of the conflict. Aaron Reitz, the Houston-based US attorney whose office is partnering with department headquarters on the initiative, confirmed DOJ is “now reviving” prize courts, which he described as an “ancient body of maritime law.” #oott https://www.bloomberg.com/news/articles/2026-08-26/us-aims-to-revive-civil-war-era-court-to-claim-iran-oil-as-prize

Source:https://x.com/staunovo/status/2092820593129247186