Trump threatens to use frozen Iranian funds to compensate for ship damages
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Donald Trump, Masoud Pezeshkian
United States, Iran
July 23, 2026
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COMPAMIR Editorial Team
The COMPAMIR editorial team brings together public reporting and links to the original coverage. We update the page as new information emerges.
Read our editorial policy- Earlier version 27/24/2026, 5:41:04 AM
President Trump stated that damages to ships and cargo from Houthi attacks will be paid for by frozen Iranian funds. The US holds approximately $2 billion in blocked Iranian assets. The move follows escalating tensions between the US and Iran in the Red Sea.
- Earlier version 17/24/2026, 3:01:01 AM
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