Iranian FM fires back after Trump threatens to use frozen assets for shipping damage
Iranian Foreign Minister Abbas Araghchi criticized President Trump's threat to use frozen Iranian assets to compensate for shipping damages caused by Houthi attacks. The exchange follows rising tensions in the Red Sea and increased military rhetoric between the US and Iran.
Why it matters
The escalation of rhetoric regarding frozen assets and military threats poses a significant risk to regional stability and international law.
Home News World Sports Entertainment Science Royal Trending Health Videos Technology World Iranian FM fires back after Trump threatens to use frozen assets for shipping damage Houthis attacks on Saudi tankers in Red Sea stoke fear of wider conflict in Middle East
The conflict between the US and Iran is no longer between two conflicting parties as it has extended to other fronts with Houthis attacks on Saudi oil tankers in the Red Sea on Thursday.
The surprisingly blatant attack on tankers sent shockwaves across the energy markets, soaring oil prices $100 per barrel.
In the midst of escalation, President Trump announced that the US would use frozen Iranian assets to pay for cargo and ships damaged by strikes in and around the Gulf as reported by Reuters.
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