Trump Says Frozen Iranian Money Will Pay for Damage to Ships and Cargo
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Trump Says Frozen Iranian Money Will Pay for Damage to Ships and Cargo

Trump declares that Iranian assets held and controlled by the United States will cover damages to ships, cargo and related property, calling the move fair and equitable.

Richard Miniter
By
First Published: July 23, 2026, 2:13 PM ET

WASHINGTON D.C. — Donald J. Trump declared that the United States will pay for damage to ships and cargo using Iranian assets it holds and controls, framing the move as fair and equitable.