US will use "Iranian money" in its "possession" to pay for damage to ships, cargo: Trump

Iran Herald · July 24, 2026 Sanctions

Washington DC [US], July 24 (ANI): Amid continued hostilities between the US and Iran, President Donald Trump on Thursday said that any damages done to ships and cargo will be paid by the Iranian money in possession and control of Washington. He made the remarks in a post on Truth Social and called it a 'fair and equitable' step.