Trump Says Frozen Iranian Assets to Pay for Houthi Attack Damages
President Trump stated that frozen Iranian assets will be used to compensate for ship and cargo damages caused by Houthi attacks. The US holds approximately $2 billion in Iranian funds, with tens of billions more frozen under sanctions abroad.
President Donald Trump announced that frozen Iranian assets will be redirected to cover damages to ships and cargo resulting from Houthi attacks. The statement underscores ongoing tensions in the region and the financial consequences for Iran.
The US currently holds about $2 billion in Iranian funds, while tens of billions of dollars in additional Iranian assets remain frozen under US sanctions held in other countries. The exact mechanism for disbursing these funds has not been detailed.
Source: First Squawk