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Reviving Prize Courts for Iranian Tankers | US News
The Justice Department is reviving prize courts—last used in the Spanish-American War—to speed up handling of Iranian oil tankers seized by U.S. forces, aiming to quickly claim, sell, and fund the Treasury with seized cargo. While civil forfeiture has been the go-to method, officials argue it’s too slow and vulnerable to delays. Legal experts warn hurdles: Is this truly wartime? Does Congress need to approve? And can outdated systems handle modern seizures? Still, prize courts could offer a faster, more secure path for seizing and selling assets tied to Iran’s shipping operations. Listen in…
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