According to Iran's Tasnim News Agency, the United States has "seized" Iranian oil worth approximately $600 million. This action comes amidst pressure on U.S. fuel supplies, record-high diesel prices, and rising gasoline prices. The U.S. action targets oil cargoes seized in the Indian Ocean in May of this year. The seized oil, valued at approximately $600 million, is currently being transported to the United States via the Atlantic.