US uses frozen Iranian assets to pay for ship damage in strikes
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The United States said it will use frozen Iranian assets to compensate for damage to ships during ongoing strikes against Iran-linked targets. Iran's foreign minister Abbas Araghchi called the move a "flammable precedent." The strikes, now in their 13th consecutive night, follow alleged Houthi attacks on two Saudi tankers in the Red Sea.
The Asset Seizure
The United States announced it will use Iranian assets frozen in the U.S. to pay for damage to ships, cargo, or related property during the strikes. President Donald Trump stated the move covers "damage to ships, cargo, or anything associated with them." Iran's Foreign Minister Abbas Araghchi responded by calling the threat a "flammable precedent." The U.S. has been conducting strikes for 13 consecutive nights against Iran-linked targets.
The Strikes and Casualties
Iranian state media reported four killed and five wounded in the latest U.S. strikes. Explosions were reported at key military and commercial sites in southern Iran, including the port city of Bandar Abbas and Qeshm Island. The strikes follow alleged Houthi attacks on two Saudi tankers in the Red Sea, which have raised concerns about global shipping and caused oil prices to spike. Trump had previously promised "major military punishment" for Iran over Houthi and Iranian attacks.
What's Next
The U.S. is expected to continue strikes, with no end date announced. It remains unclear how Iran will retaliate or whether the asset seizure will escalate the conflict further.
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US uses frozen Iranian assets to pay for ship damage in strikes
