A dozen senators are making a bipartisan appeal to President Joe Biden to reinvigorate the power of U.S. authorities to seize Iranian oil assets.
FILE - Iranian oil tanker Fortune is anchored at the dock of the El Palito refinery near Puerto Cabello, Venezuela, May 25, 2020. A dozen senators are making a bipartisan appeal to President Joe Biden to reinvigorate the power of U.S. authorities to seize Iranian oil assets under an enforcement program they say has been allowed to languish. Despite existing sanctions, Iranian oil exports jumped 35% last year and proceeds are being used to sponsor attacks on U.S.
WASHINGTON — A dozen senators are making a bipartisan appeal to President Joe Biden to reinvigorate the power of U.S. authorities to seize Iranian oil assets under an enforcement program they say has been allowed to languish. Despite existing sanctions, Iranian oil exports jumped 35% last year and proceeds are being used to sponsor attacks on U.S. citizens and service members as well as allies, the senators said in a letter to the president.
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