The US Department of Justice plans to reinstate the Maritime Bounty Tribunal to strengthen the blockade against Iran
2026-08-27 03:28:07
According to CoinMeta, the U.S. Department of Justice is coordinating with the Pentagon to reinstate a maritime bounty court that has been dormant since World War II in order to strengthen the blockade against Iran and offset the costs of the war. The U.S. Attorney for the Southern District of Texas Aaron Reitz confirmed that this mechanism is being reactivated. If implemented, federal prosecutors will be able to more quickly confiscate and sell oil tankers or oil seized in hostile actions as U.S. property, with the proceeds to be transferred to the U.S. Treasury Department. The U.S. Department of Justice plans to handle cases in the Southern District of Texas in Houston. This bounty mechanism has been rarely used since 1898 and has been dormant since World War II. It is currently facing legal challenges regarding whether the current actions comply with Prize Act conditions and whether seizures made without congressional authorization are legal.
Bullish 0
Bearish 0
Source:Internet
This content is for market information only and does not constitute investment advice.