US President Donald Trump has announced that frozen Iranian assets under American control will be used to compensate for damage to ships, cargo and related property caused by attacks in and around the Gulf region.
US President Donald Trump on Friday declared that the United States would use Iranian assets frozen under its control to cover financial losses resulting from attacks on commercial ships, cargo and other maritime property in the Gulf region.
Making the announcement through a post on Truth Social, Trump said the funds held by the US from Iran would be used to compensate victims for “any and all” damage linked to maritime incidents.
Trump Announces Plan to Use Frozen Iranian Funds
In his statement, Trump said the decision would remain in effect until further notice, adding that any losses involving ships, cargo or associated property would be paid using Iranian money currently under US control.
He acknowledged that the total damages could be significant but argued that using the frozen assets was “the fair and equitable thing to do.”
The announcement comes amid continued tensions in the Middle East, where attacks on commercial vessels and regional shipping routes have raised global concerns over maritime security and international trade.
What Are Frozen Iranian Assets?
Iran has been subject to extensive US sanctions and financial restrictions since the 1979 Islamic Revolution, which led to the overthrow of Shah Mohammad Reza Pahlavi, a close American ally.
Over the decades, these sanctions have resulted in billions of dollars’ worth of Iranian assets being frozen or restricted in various countries. Much of these funds include oil export revenues and financial assets held in overseas accounts that Tehran cannot freely access.
How Much Iranian Money Is Frozen?
There is no official estimate of the total value of Iran’s frozen assets worldwide. However, various media reports have suggested that the amount could range between $100 billion and $123 billion.
It also remains unclear how much of these assets are directly held or controlled by the United States. Washington has not released any official figure detailing the value of Iranian funds currently under its jurisdiction.
What Happens Next?
While President Trump has announced his intention to use frozen Iranian assets for compensation, it remains to be seen how such a move would be implemented legally and whether it could face domestic or international challenges.
The proposal is expected to attract close attention from policymakers, legal experts and international observers, particularly given the complex sanctions framework governing Iranian assets and the potential diplomatic implications of redirecting those funds.