Trump threatens to use frozen Iranian assets to pay for shipping damage
Trump said frozen Iranian funds will cover ship damage as tanker traffic through the Strait of Hormuz fell to one vessel, Reuters reported.
- US President Donald Trump threatened to use Iranian assets frozen in the United States to compensate for damages to ships and cargo in West Asia maritime routes, describing it as a fair and equitable measure.
- Iranian Foreign Minister Seyed Abbas Araghchi condemned Trump's plan as an 'incendiary precedent' that threatens international norms and could cause wider instability.
- The announcement followed attacks on two Saudi oil tankers in the Red Sea by Houthi rebels, confirmed by Saudi authorities.
- The frozen Iranian assets held by Washington are estimated between USD 124 billion and USD 167 billion, with Tehran demanding lifting sanctions on these funds during a collapsed agreement with the United States.
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90 Articles
U.S. President Donald Trump said Thursday that damage to ships, cargo or other related goods will be paid with Iranian money under U.S. control, in a new warning addressed to Tehran in the midst of growing tensions between the two countries. “From now on, everyone ... Continue reading “Trump threatens to use Iran's funds to pay for ship and ship repairs in the midst of conflict” The post Trump threatens to use Iran's funds to pay for ship and sh…
Trump Threatens To Seize Iran's Assets To Cover “Any And All Damages” Done to Ships And Cargo
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from Sputnik News: Seizing another nation’s assets to pay for “unrelated future claims” sets an incendiary precedent, Iranian Foreign Minister Abbas Araghchi warned after Trump vowed to use frozen Iranian money for future shipping damages. “Once governments normalize confiscation, no one’s assets are safe. Ensuing chaos will not be pretty or peaceful,” Araghchi wrote on […]
U.S Will Use Iranian Funds To Pay For Ship Damages In Strait Of Hormuz, Trump Announces
Image for representation purposes only U.S. President Donald Trump said on Thursday the United States would use Iranian funds under its control to pay for damage to ships, cargo and related property. “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, a…
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