Trump Vows Seized Iranian Money Will Cover Damage to Ships and Cargo
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Trump Vows Seized Iranian Money Will Cover Damage to Ships and Cargo

Trump declares that funds the United States holds and controls will pay for any harm done to vessels and their cargo, calling the arrangement fair and equitable.

Richard Miniter
By
First Published: July 23, 2026, 2:17 PM ET

WASHINGTON D.C. — Donald J. Trump said seized Iranian funds held by the United States will pay for any damage inflicted on ships, cargo, or related property, tying frozen assets to maritime losses.