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Trump to use frozen Iranian assets for damages

Trump to use frozen Iranian assets for damages

U.S. President Donald Trump announced that Washington will begin using the frozen Iranian assets under its control as a mechanism to compensate for damages caused to ships and goods in the Arabian Gulf and the Strait of Hormuz, in an escalating move against Tehran. He stated that all detained Iranian funds will be used to pay damages to those affected by maritime attacks, ignoring legally that these assets belong to the Iranian state and are subject to restrictions, which could expose the United States to international legal claims. This decision is considered a step up that threatens the prospects for dialogue between the two countries, amid increasing tensions in the region.

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