Tehran slams Trump’s threat to use frozen Iranian assets as ‘incendiary’
President Trump has threatened to use frozen Iranian assets to cover potential damages to US interests in the Strait of Hormuz, drawing sharp condemnation from Tehran. Iran's Foreign Minister labeled the move an 'incendiary precedent' that threatens global asset security.
Why it matters
This escalation marks a significant shift in US-Iran relations and raises concerns about the international legal norms regarding sovereign assets.
President Trump says damages will be paid for by Iranian money that the US has ‘in its possession, and controls’.
x whatsapp-stroke copylink google Add Al Jazeera on Google info US President Donald Trump [File: AFP] By Al Jazeera Staff and Reuters Published On 24 Jul 2026 24 Jul 2026 United States President Donald Trump has pledged to use frozen Iranian assets to pay for any damage to ships and cargo in the Strait of Hormuz, garnering strong condemnation from Tehran.
Tensions between Iran and the US have escalated since the beginning of July as the two sides trade attacks and Tehran targets US military bases in the region.
Washington completed its 13th consecutive night of strikes on Iran late on Thursday, with Trump saying he is considering a “massive attack” on the country, “bigger than ever before”.
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