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Trump: US To Use Frozen Iranian Funds For Ship Damages

US to use frozen Iranian funds to pay for damages to ships and cargo. Trump calls it a fair step.

Mumbai Alert · World Desk
Mumbai Alert · World Desk
World Desk · Mumbai Alert News · Fri, 24 July 2026 at 08:22 am
Trump: US To Use Frozen Iranian Funds For Ship Damages

US President Donald Trump announced on Thursday that the United States will use frozen Iranian funds to pay for any damages done to ships, cargo, or related assets. Trump made the statement on Truth Social, calling it a 'fair and equitable' step.

The move comes amid continued hostilities between the US and Iran. Trump stated that any damages done to ships, cargo, or related assets will be paid for by Iranian money in possession and control of Washington. He emphasized that these damages may be substantial, but using frozen Iranian funds is the right thing to do.

According to reports, Tehran has nearly $100 billion in assets frozen by other countries and beyond its control. Iranian Foreign Minister Seyed Abbas Araghchi responded to Trump's statement, criticizing US administration officials for advocating aggression. Araghchi warned that such aggression will backfire and ultimately harm the US.

Trump's statement follows his reiteration that Tehran cannot be allowed to have nuclear weapons. He claimed that Washington is doing 'extremely well' in the conflict between the two adversaries. The US President also stated that Iran has 'evil intentions' and is not yet ready to take action.

The standoff between the US and Iran continues, with both sides exchanging warnings and criticisms. Trump's decision to use frozen Iranian funds to pay for damages is seen as a significant development in the ongoing conflict.

The use of frozen Iranian funds is a complex issue, with many countries having frozen Iranian assets in recent years. The move by the US is likely to have significant implications for the ongoing conflict between the two countries.

In recent years, the US and Iran have been engaged in a series of tensions, including attacks on ships and cargo. The use of frozen Iranian funds to pay for damages is seen as a way for the US to respond to these attacks without escalating the conflict further.

The situation between the US and Iran remains volatile, with both sides continuing to exchange warnings and criticisms. The use of frozen Iranian funds to pay for damages is likely to be a significant factor in the ongoing conflict.

The international community is watching the situation closely, with many countries calling for a peaceful resolution to the conflict. The use of frozen Iranian funds is seen as a significant development, and its implications will be closely monitored in the coming days.

In conclusion, the decision by the US to use frozen Iranian funds to pay for damages is a significant development in the ongoing conflict between the two countries. The move is seen as a way for the US to respond to attacks on ships and cargo without escalating the conflict further. The situation remains volatile, and the international community is watching closely.

Frequently asked questions

What will the US use to pay for damages to ships and cargo?

The US will use frozen Iranian funds to pay for damages to ships, cargo, and related assets.

How much in assets does Iran have frozen?

Iran has nearly $100 billion in assets frozen by other countries and beyond its control.

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