Iran Warns: Entities Receiving Compensation from Frozen Assets Will Not Be Allowed to Pass Through the Strait of Hormuz

Iran has announced that it will not permit companies or countries that receive compensation from its frozen assets to pass through the Strait of Hormuz.According to Iranian state media, Iran's joint military command stated today that no company or country that receives compensation from its frozen assets for damaged ships will be allowed to pass through the Strait.Military command spokesperson Ibrahim Zolfaghari rejected US President Donald Trump's warning that damages to ships in the Gulf will be compensated from Iran's frozen assets. On July 24, US President Donald Trump stated on his Truth Social account, 'Unless otherwise stated, from now on, all damages to ships, cargo, or anything related will be compensated with Iranian money held and controlled by the US.'Iranian Foreign Minister Abbas Araghchi responded to Trump's statement, saying that seizing assets to compensate for shipping damages would set a 'highly dangerous precedent'.