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Document ID: 75830480
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Politics/Middle East
Trump threatens to use frozen Iranian funds to compensate for ship damages
MULTIPLE REPORTS·Published ·Updated ·Event date ·Main reference · Financial Post
30-second brief
Key Facts
- 01 — Who
Donald Trump, Masoud Pezeshkian
- 02 — Where
United States, Iran
- 03 — When
July 23, 2026
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.
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Read our editorial policy- Revision v17/24/2026, 3:01:01 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.