Iran’s Foreign Minister Abbas Araghchi on July 24 condemned U.S. President Donald Trump’s pledge to use frozen Iranian assets to cover potential damage to ships and cargo in the Strait of Hormuz from military strikes.

Trump threatens to destroy Iranian infrastructure for Strait of Hormuz ship attacks, putting 20% of global oil supply at risk with ripple effects

President Donald Trump said Thursday that the US would begin using frozen Iranian assets to pay for ships and cargo damaged by strikes in and around the Gulf.