Trump: Frozen Iranian funds to compensate for ship and cargo damage

U.S. President Donald Trump has declared that assets frozen from Iran will be utilized to compensate for damages sustained by ships and cargo. Trump announced on his Truth Social platform that, effective immediately and until further notice, all losses affecting ships, cargo, or related property would be compensated through Iranian funds currently held and managed by the United States.

Trump acknowledged that the financial claims could be substantial but asserted that the measure is "fair and equitable." This statement comes amid a period of heightened tensions and a firm stance by the U.S. against recent maritime threats and attacks attributed to Iran and its proxies in crucial shipping lanes like the Strait of Hormuz.

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Any and all losses that occur to ships, to cargo, or otherwise, from this moment until further notice, will be compensated for through Iranian funds that are held and managed by the United States.

The U.S. president has previously indicated that if Iran or its affiliated groups attack vessels in these strategic waterways, the U.S. would respond with significant military force. Furthermore, he had consistently stated the possibility of using Iran's frozen assets to cover damages resulting from such incidents.

This policy aims to deter further aggression by imposing financial consequences on Iran for its actions at sea. The move signals a clear message that the U.S. is prepared to leverage economic pressure as part of its response to perceived Iranian provocations.

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These losses could be very substantial, but nevertheless, this is a fair and equitable measure.