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US-for-frozen-Iran-asset-for-damaged-ship-compensation

Trump: U.S. to tap frozen Iranian assets to compensate for Hormuz shipping attacks
Trump: U.S. to tap frozen Iranian assets to compensate for Hormuz shipping attacks
US President Donald J. Trump has announced that the United States will use Iranian assets currently frozen under American control to pay for damages resulting from recent attacks on commercial shipping in the Strait of Hormuz. He characterized the decision as a just means of holding Tehran accountable without shifting the financial burden onto U.S. taxpayers.Speaking to reporters aboard Air Force One en route to a Michigan event, the president said: “We’re going to use Iran’s money to pay for th...
World•28 July 2026