Trump threatens to use frozen Iranian assets to pay for shipping damage
US President Donald Trump threatened to use frozen Iranian assets to pay for damage to ships and cargo in and around the Gulf. ADVERTISEMENT ADVERTISEMENT "Please let this statement serve to represent, until further notice, that from this point forth, any and all damages done to Ships, Cargo, or anything related thereto, will be paid for by Iranian Money that the United States has in its possession, and controls," Trump wrote on Truth social. In response to Trump's statement, Iran's foreign minister Abbas Araghchi said Friday the seizure of the assets to pay for shipping damage was an "incendiary precedent".
- ▪US President Donald Trump threatened to use frozen Iranian assets to pay for damage to ships and cargo in and around the Gulf.
- ▪ADVERTISEMENT ADVERTISEMENT "Please let this statement serve to represent, until further notice, that from this point forth, any and all damages done to Ships, Cargo, or anything related thereto, will be paid for by Iranian Money that the U
- ▪In response to Trump's statement, Iran's foreign minister Abbas Araghchi said Friday the seizure of the assets to pay for shipping damage was an "incendiary precedent".
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News World Iran Trump threatens to use frozen Iranian assets to pay for shipping damage Commercial vessels are seen in the Strait of Hormuz off Bandar Abbas, Iran, Tuesday, June 30, 2026. - Copyright Amirhosein Khorgooi/ISNA via AP Copyright Amirhosein Khorgooi/ISNA via AP By Evelyn Ann-Marie Dom Published on 24/07/2026 - 6:22 GMT+2 Share Comments Add Euronews on Google Share Facebook Twitter Flipboard Send Reddit Linkedin Messenger Telegram VK Bluesky Threads Whatsapp Tehran said Friday that US President Donald Trump's threat to pay for shipping damage with Iranian assets was an 'incendiary precedent'. US President Donald Trump threatened to use frozen Iranian assets to pay for damage to ships and cargo in and around the Gulf.
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