• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 5 days They pay YOU to TAKE Natural Gas
  • 2 days How Far Have We Really Gotten With Alternative Energy
  • 2 days What fool thought this was a good idea...
  • 6 hours A question...
  • 5 days Why does this keep coming up? (The Renewable Energy Land Rush Could Threaten Food Security)
  • 11 days The United States produced more crude oil than any nation, at any time.
Biden To Hike Tariffs on Chinese EVs and Clean Energy Tech

Biden To Hike Tariffs on Chinese EVs and Clean Energy Tech

The Biden Administration is preparing…

SPR Levels Remain Low

SPR Levels Remain Low

Despite claims, the U.S. has…

Senators Call For Seizure Of Iran Oil Cargos

Two Senators have urged President Biden to give the Department of Homeland Security powers to resume seizure of Iranian oil cargos.

In a letter cited by Reuters, Senators Joni Ernst (R) and Richard Blumenthal (D) wrote that the DHS’s Homeland Security Investigations office has been unable to seize Iranian cargos of crude oil for more than a year.

The reason for this long lull in Iranian cargo seizures was a set of policy limitations imposed on the Department of Treasury’s Executive Office for Asset Forfeiture, the report noted.

Before these limitations were introduced, the Homeland Security Investigations office seized some $228 million worth of Iranian oil and fuel oil shipments, Reuters recalled.

“Iran’s oil sales remain a KEY revenue source for the regime to promote a destabilizing agenda & bolster terrorist groups who intend to harm the U.S.   I'm working with colleagues from across the aisle to ensure Iranian oil sanctions are actually enforced!” Senator Joni Ernst said in a tweet.

The senator was also member of a group that yesterday introduced a bill dubbed the Maritime Architecture and Response to International Terrorism in the Middle East (MARITIME) Act, whose stated purpose was to “develop a strategy with partners and allies in the Middle East to counter maritime threats posed by Iran, violent extremist organizations, and criminal networks.”

The letter and the bill came simultaneously with news that Iranian forces had seized a tanker in the Gulf of Oman. The vessel, Advantage Sweet, was carrying crude oil for Chevron from Kuwait to Texas, but collided with an Iranian vessel in the gulf, according to the Iranian Navy.

The U.S. Navy has accused Iran of interfering with navigational rights in international waters. "Iran's continued harassment of vessels and interference with navigational rights in regional waters are a threat to maritime security and the global economy," the U.S. Navy said in a statement, adding that Iran had seized at least five commercial vessels in the Middle East over the last two years.


By Charles Kennedy for Oilprice.com

More Top Reads From Oilprice.com:

Join the discussion | Back to homepage

Leave a comment
  • Mamdouh Salameh on April 28 2023 said:
    Are we back to the age of piracy in the 17th and early 18th centuries? Aren’t sanctions against Iran enough?

    That is why peoples of the world just hate America’s arrogance of power and await eagerly a change of the World Order from an oppressive and heavy-handed unipolar system to an equitable and beneficial multipolar one.

    Dr Mamdouh G Salameh
    International Oil Economist
    Global Energy Expert

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News