Trump: Iran will cover ship damages

U.S. President Donald Trump stated that Washington will bear financial responsibility for any damage caused to ships or goods in the Strait of Hormuz, and Iran will be held financially liable for such damages using its assets controlled by the United States. This came after escalating tensions with Iran, which earlier this month fired upon commercial vessels in the strait. The decision aims to deter Iranian actions and hold Iran financially responsible for any damage occurring in the area.

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