Foreign Relations

Trump Says Iranian Funds Will Cover Ship and Cargo Damage

Published

Courtroom-sketch editorial illustration of President Donald Trump speaking with commercial vessels spread across a sea and mountainous coastline behind him

President Donald Trump said the United States will use Iranian money under Washington's possession or control to pay for damage to ships, cargo and related property caused during the regional conflict. He described the approach as fair and equitable, while providing no details about the legal mechanism for accessing or distributing the sanctioned funds. The announcement followed repeated Iranian attacks on commercial shipping around the Strait of Hormuz and renewed U.S. strikes on Iranian military targets. Washington is seeking to restore traffic through the waterway as the fighting disrupts global trade.

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