Overview

• A bipartisan group of 12 senators is urging President Joe Biden to reinvigorate the power of U.S. authorities to seize Iranian oil assets.
• Iranian oil exports increased by 35% last year, and the proceeds are being used to sponsor attacks on U.S. citizens, service members, and allies.
• The Homeland Security Department's security investigations office has been constrained in seizure operations by lack of money.
• Nearly $228 million in Iranian crude and fuel oil linked to the Islamic Revolutionary Guard Corps has been seized since 2019.
• The senators include Republicans Ted Cruz and Lindsey Graham, and Democrats Joe Manchin and Ron Wyden.