Iranian Assets Will Pay for Future Damage to Ships, Cargo Amid War: Trump
Trump said the U.S. will use frozen Iranian assets to cover ship and cargo damage, while officials gave no compensation details.
- On Thursday, President Donald Trump announced the United States will use Iranian assets to pay for future shipping damages, aiming to hold Iran financially responsible for disruptions to global shipping.
- Resuming a naval blockade nine days ago, CENTCOM redirected 12 commercial vessels and disabled one to prevent entry to Iranian ports, intensifying pressure on Iran.
- As part of the administration's "Economic Fury" campaign, The Treasury Department has frozen Iranian assets and imposed sweeping sanctions targeting Iran's military and financial networks.
- Uncertainty surrounds the compensation process, as The White House has not provided details on how funds would be distributed and Trump did not specify legal authority.
- Military strikes against Iranian targets in the Strait of Hormuz continue as the conflict disrupts maritime traffic and raises concerns about global energy supplies and international trade.
35 Articles
35 Articles
US Will Use 'Iranian Money' in Its 'Possession' To Pay for Damage To Ships, Cargo: Trump
US President Trump announced that any damages to ships or cargo due to US-Iran hostilities will be compensated using Iranian funds controlled by the US. He described this as "fair and equitable." Iranian Foreign Minister Araghchi criticized US aggression as misguided.
US-Iran war LIVE: Trump says US will use frozen Iranian funds to pay for damage to ships as Washington resumes strikes
US-Iran war LIVE: US President Donald Trump on Thursday (local time) announced that Washington will use frozen Iranian funds to pay for damage to ships as the US military resumes strikes. Tune in to Live Mint to catch all the latest war-related updates.
Amid ongoing armed clashes in the Strait of Hormuz, U.S. President Donald Trump announced that he would compensate for damages to any ships attacked in the future using frozen Iranian funds. In a post on his TruthSocial account on the 23rd (local time), President Trump wrote, “From this point forward until further notice, any damage to ships, cargo, or anything related thereof will be covered by funds held and controlled by the United States.
This is justice, the American president writes in a post
According to Donald Trump, if a ship is damaged in the Strait of Hormus, Iran should pay for it. The USA is launching another wave of attacks – the 13th night in a row. And: Kuwait is also reporting new attacks.
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