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What's going on with US-Iran Hormuz Strikes

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US Will Use 'Iranian Money' in Its 'Possession' To Pay for Damage To Ships, Cargo: Trump

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  1. US President Donald Trump announced on Truth Social that damages to ships or cargo from US-Iran hostilities will be paid using Iranian funds controlled by the US, calling it 'fair and equitable'.

  2. Iranian Foreign Minister Seyed Abbas Araghchi criticized US aggression as 'mindless' and said it will backfire, urging officials to focus on realities.

  3. Trump reiterated that Iran cannot be allowed to have nuclear weapons, stating the US is doing 'extremely well' in the conflict.

  4. Tehran has nearly $100bn in assets frozen by other countries, according to a report by Al Jazeera.

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