HOUSTON (Bloomberg) – Iraq and the Kurdistan Regional Government must wait awhile longer for a U.S. judge to decide if he has authority to let federal agents seize $100 million worth of Kurdish crude waiting in a tanker off the Texas coast. Lawyers for the Iraqi Ministry of Oil convinced a magistrate judge last month to issue an arrest warrant for the 1 MMbbl cargo if the tanker enters U.S. territorial waters. That order would let U.S. marshals store the oil ashore at Iraqi expense until the dispute is resolved.
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Kurds claim to stranded oil may turn on when Iraq lost control
![Kurds claim to stranded oil may turn on when Iraq lost control]()
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