Donald Trump · Iran · India · U.S. · Fortune Technology
All three tankers are large crude carriers, which can each hold 2 million barrels of crude
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“Nearly six million barrels (valued at nearly $600M) of seized Iranian crude oil are quietly crossing the Atlantic Ocean towards the United States of America,” Tanker Trackers posted on X on Wednesday.
Key facts
- Nearly six million barrels (valued at nearly $600M) of seized Iranian crude oil are quietly crossing the Atlantic Ocean towards the United States of America,” Tanker Trackers posted on X on Wednesday
- During the Civil War, President Abraham Lincoln used the Prize Act of 1812 to blockade Confederate seaports
- Last month to Fortune’s Sasha Rogelberg, Reitz did not specify if the Justice Department will invoke the Prize Act of 1812, the Captures Clause, or another law
- The Tifani and Majestic X are now off the coast of Brazil after they were boarded in the Indian Ocean in April
Summary
Three oil tankers linked to Iran have been gradually making their way toward the U.S. after being seized by naval forces when President Donald Trump first imposed a blockade on the regime. The Tifani and Majestic X are now off the coast of Brazil after they were boarded in the Indian Ocean in April, . All three tankers are large crude carriers, which can each hold 2 million barrels of crude. The U.S. initiated its naval blockade in April, targeting ships attempting to enter or leave Iranian ports.