Published on

24/07/2026 - 6:22 GMT+2

US President Donald Trump threatened to use frozen Iranian assets to pay for damage to ships and cargo in and around the Gulf.

"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".