Trump says frozen Iranian funds to cover ship and cargo damages

US President Donald Trump has announced that all damages to ships, cargo, or related property will be compensated using Iranian funds currently held and controlled by the United States, effective immediately and until further notice.

In a statement, Trump clarified that this measure covers any significant damages that may occur, describing it as the fair and equitable solution for the present time.

He added that the decision takes effect immediately, with no set end date, and stressed that the administration is committed to addressing these issues through Iranian assets held in the United States.