'Fair Thing To Do': Trump Says Frozen Iranian Assets Under US Control Will Pay For Ship Damages

Published 23 July 2026 · india

'Fair Thing To Do': Trump Says Frozen Iranian Assets Under US Control Will Pay For Ship Damages Published By, Last Updated: July 24, 2026, 04:25

'Fair Thing To Do': Trump Says Frozen Iranian Assets Under US Control Will Pay For Ship Damages Published By, Last Updated: July 24, 2026, 04:25 IST Trump announced the US will use frozen Iranian assets to pay for damages to ships and cargo in the Gulf. US President Donald Trump (Source: Reuters) US President Donald Trump on Friday said that the US would begin using frozen Iranian assets to pay for ships and cargo damaged by strikes 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.

These damages may be very substantial but, nevertheless, this is the fair and equitable thing to do," Trump said on Truth social. News18 Newsletter Handpicked stories, in your inbox A newsletter with the best of our journalism submit Key Questions Answered How much Iranian money does the US control? The US will use frozen Iranian assets under its control to pay for damages to ships and cargo resulting from strikes in the Gulf. President Trump stated that any and all damages will be paid for by Iranian money that the United States possesses and controls. Could this escalate tensions in the Gulf region? President Trump announced that frozen Iranian assets under US control will be used to pay for damages to ships and cargo in the Gulf.

This move comes as tensions between the US and Iran escalate. What legal basis supports seizing these assets? The US will use frozen Iranian assets to pay for damages to ships and cargo in the Gulf. President Trump stated that any and all damages will be paid for by Iranian money in US possession and control. About the Author News Desk The News Desk is a team of passionate editors and writers who break and analyse the most important events unfolding in India and abroad. From live updates to exclusive reports to in-depth explainers,... Read More Location: United States of America (USA) First Published: July 24, 2026, 04:25 IST News world 'Fair Thing To Do': Trump Says Frozen Iranian Assets Under US Control Will Pay For Ship Damages Disclaimer: Comments reflect users’ views, not News18’s.

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