Particle.news
Download on the App Store

U.S. Weighs Seizing Iran-Linked Tankers to Choke Off Oil Revenue

Officials have paused the option over retaliation risks that could lift oil prices.

Overview

  • The Wall Street Journal reports that the White House has discussed seizing additional tankers carrying Iranian oil but has not moved forward.
  • More than 20 Iran-linked vessels sanctioned this year are viewed by officials as possible seizure targets.
  • Washington previously seized ships tied to Venezuela’s shadow fleet that were carrying Iranian crude.
  • U.S. officials say boarding operations would require diverting personnel and escorts to move ships to the United States or locations willing to store the oil.
  • President Trump says he prefers diplomacy yet warns he is prepared to use force and highlights a large U.S. naval presence, while oil prices ticked up about 30 cents to roughly $64.50 on the report.