Macro Finance
US Aims to Revive Civil War-Era Court to Claim Iran Oil as Prize
Bloomberg Markets·August 26, 2026·1 min read
The Justice Department is preparing to activate a long-dormant maritime war court to streamline the military capture of Iranian oil tankers as US prizes, according to three people familiar with the plans. This move aims to expedite seizures of Iranian oil shipments, leveraging a historical legal mechanism to assert US authority over such vessels.
Read at Bloomberg MarketsDaily crypto arcade
Read the news, then play it.
Chainshorts turns crypto headlines into a daily game. Catch up in 60 words, then jump into daily lucky draws for a shot at the pot.