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→Why Resurrecting Prize Law to Seize Iranian Vessels Signals the End of U.S. Naval Supremacy [https://www.nakedcapitalism.com/2026/09/why-resurrecting-prize-law-to-seize-iranian-vessels-signals-the-end-of-u-s-naval-supremacy.html]
==Why Resurrecting Prize Law to Seize Iranian Vessels Signals the End of U.S. Naval Supremacy [https://www.nakedcapitalism.com/2026/09/why-resurrecting-prize-law-to-seize-iranian-vessels-signals-the-end-of-u-s-naval-supremacy.html]==
==Why Resurrecting Prize Law to Seize Iranian Vessels Signals the End of U.S. Naval Supremacy [https://www.nakedcapitalism.com/2026/09/why-resurrecting-prize-law-to-seize-iranian-vessels-signals-the-end-of-u-s-naval-supremacy.html]==
{{quoytebox-float|According to ''[[Bloomberg News|Bloomberg]]'', the [[Department of Justice]] is looking to set up prize court proceedings in the Southern District of Texas, located in [[Houston]], which would be a natural destination for seized [[oil tanker]]s due to its midstream [[infrastructure]]. U.S. Attorney for the Southern District Aaron Reitz confirmed that his office is involved in the effort. The U.S. administration wants to appropriate [[cargo]] from [[Iranian]] vessels under this [[Prize Law]] dating back to the 1800s.
{{quotebox-float|According to ''[[Bloomberg News|Bloomberg]]'', the [[Department of Justice]] is looking to set up prize court proceedings in the Southern District of Texas, located in [[Houston]], which would be a natural destination for seized [[oil tanker]]s due to its midstream [[infrastructure]]. U.S. Attorney for the Southern District Aaron Reitz confirmed that his office is involved in the effort. The U.S. administration wants to appropriate [[cargo]] from [[Iranian]] vessels under this [[Prize Law]] dating back to the 1800s.
Prize Law is 19th-century [[maritime]] [[legislation]] by which special-purpose [[tribunal]]s can be set up to speedily determine the [[legal]]ity of the seizure and forfeiture of an enemy’s merchant vessel. The functioning is simple: drag a captured vessel into a [[domestic]] port, convene a specialized tribunal, and almost invariably, ownership of both ship and cargo shifts into [[state]] hands.
Prize Law is 19th-century [[maritime]] [[legislation]] by which special-purpose [[tribunal]]s can be set up to speedily determine the [[legal]]ity of the seizure and forfeiture of an enemy’s merchant vessel. The functioning is simple: drag a captured vessel into a [[domestic]] port, convene a specialized tribunal, and almost invariably, ownership of both ship and cargo shifts into [[state]] hands.