The report, citing people familiar with internal discussions, said the idea is at an early stage and has not been approved. It remains unclear how such a move would be carried out under international law or U.S. policy.
The proposal is said to focus on limiting Iran’s ability to export crude oil while redirecting control or revenue streams in a way that benefits U.S. energy goals. Analysts note that Iran remains under heavy U.S. sanctions, which already restrict its oil exports.
Data from the U.S. Energy Information Administration shows Iran holds some of the world’s largest proven oil reserves. Despite sanctions, Iran has continued to export oil, mainly to buyers in Asia, according to shipping data tracked by independent analysts.
Any attempt to seize oil assets would likely face strong legal and political challenges. International law experts say direct seizure could raise issues under global trade rules and maritime law. It may also trigger disputes at bodies such as the United Nations.
Officials in Washington have not publicly confirmed the report. The White House has not released details on any policy shift involving Iran’s oil sector. The U.S. State Department has previously said its goal is to limit Iran’s oil revenue to curb its nuclear and regional activities.
Iran has long opposed U.S. sanctions, calling them illegal under international law. Iranian officials have warned that further pressure on its oil exports could lead to retaliation, including disruptions in key shipping routes like the Strait of Hormuz.
Energy markets reacted cautiously to the report. Oil prices showed limited movement, reflecting uncertainty over whether the proposal will advance. Traders said any firm action targeting Iran’s exports could tighten global supply and raise prices.
According to the International Energy Agency, global oil supply remains stable, but risks tied to geopolitical tensions persist. Any disruption involving Iran could affect flows in the Middle East, a key region for global energy supply.
The Bloomberg report also noted that discussions are part of a wider review of U.S. energy and foreign policy. The goal is to increase domestic production and reduce reliance on foreign oil while maintaining pressure on countries under sanctions.
Critics of such a move argue it could escalate tensions in the region and strain relations with allies. Supporters say stronger action is needed to enforce sanctions and protect U.S. economic interests.
No timeline has been set for a decision. Officials are expected to review legal, economic, and security implications before any policy is finalized.