Hello and welcome to the details of Trump: Frozen Iranian assets will be used to cover Gulf shipping losses and now with the details
On July 24, President Donald Trump announced that the United States would utilize frozen Iranian assets to compensate for damages to ships and cargo resulting from recent strikes in the Gulf region. Through a statement on Truth Social, Trump asserted that until further notice, any related damages would be covered by these Iranian funds under U.S. control.
First Published: Friday, 24 Jul 2026 10:04 AM MYT
WASHINGTON, July 24 — President Donald Trump said yesterday 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,” Trump said on Truth social. — AFP
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