{"id":2561,"date":"2026-07-24T09:52:11","date_gmt":"2026-07-24T09:52:11","guid":{"rendered":"https:\/\/cnnglobalnews.com\/2026\/07\/24\/trump-threatens-to-seize-iranian-assets\/"},"modified":"2026-07-24T09:52:11","modified_gmt":"2026-07-24T09:52:11","slug":"trump-threatens-to-seize-iranian-assets","status":"publish","type":"post","link":"https:\/\/www.cnnglobalnews.com\/?p=2561","title":{"rendered":"Trump threatens to seize Iranian assets"},"content":{"rendered":"

The US president\u2019s push to seek damages for attacked ships is an \u201cincendiary precedent\u201d that risks chaos, Tehran has said<\/strong><\/p>\n

US President Donald Trump has threatened to seize frozen Iranian assets to cover \u201cany and all damages\u201d<\/em> to ships and cargo damaged due to the conflict in the Middle East. Iran has hit back, with Foreign Minister Abbas Araghchi warning that the move sets an \u201cincendiary precedent\u201d<\/em> that could have global ramifications.<\/p>\n

Trump took to Truth Social on Thursday, warning that \u201cfrom this point forth, any and all damages done to Ships, Cargo, or anything related thereto, will be paid for by Iranian Money that the United States has in its possession, and controls.\u201d<\/em>\u00a0<\/p>\n

He added that \u201cthese damages may be very substantial,\u201d<\/em> describing it as \u201cthe fair and equitable thing to do.\u201d<\/em><\/p>\n

The remarks came hours after Yemen\u2019s Houthi rebels, a group with strong ties to Iran, claimed strikes on two Saudi oil tankers in the Red Sea. The US has also accused Iran of targeting vessels in the Strait of Hormuz, while Tehran has insisted that any passing ships should abide by the regulations it imposed.<\/p>\n

\n Read more<\/strong><\/span><\/p>\n

\n \"FILE
Iran declares US radars suffered a \u2018dark night\u2019 of missile strikes<\/a><\/figcaption><\/figure>\n<\/blockquote>\n

In an earlier post, Trump warned Tehran that it would face \u201cmajor military punishment\u201d<\/em> over the Houthi strikes, calling the Yemeni group a \u201csurrogate and\/or proxy of Iran.\u201d<\/em> He said America dealt \u201cvery powerfully\u201d<\/em> with the Houthis a year earlier and expressed disappointment that the group is \u201cstarting up again\u201d<\/em> after acting \u201cprofessionally\u201d<\/em> during the conflict with Iran.<\/p>\n

Araghchi pushed back on Trump\u2019s ultimatum, calling it a dangerous departure from international norms. \u201cSeizing another nation\u2019s assets to pay for unrelated future claims is an incendiary precedent,\u201d<\/em> he wrote on X, adding that \u201conce governments normalize confiscation, no one\u2019s assets are safe,\u201d<\/em> and the \u201censuing chaos will not be pretty or peaceful.\u201d<\/em><\/p>\n

Trump did not specify which frozen funds would be tapped or under what legal authority. The US holds an estimated $2 billion dollars in frozen Iranian assets, with billions more suspended in countries such as Iraq, Qatar, Japan, and Luxembourg. The fate of some of the funds, primarily frozen by the US, was discussed during talks between Washington and Tehran before the collapse of the talks earlier this month.<\/p>\n

The threat to confiscate Iranian funds echoes the West\u2019s handling of roughly $300 billion in Russian sovereign assets that have been frozen since the escalation of the Ukraine conflict in 2022. Most of the funds were frozen in the EU, though the bloc has not confiscated them outright due to legal hurdles.<\/p>\n

In 2024, the US passed legislation authorizing the seizure of Russian assets and their transfer to Ukraine, though Washington has not resorted to this yet. Moscow has denounced the asset freeze as \u201ctheft.\u201d<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The US president\u2019s push to seek damages for attacked ships is an \u201cincendiary precedent\u201d that risks chaos, Tehran has said US President Donald Trump has threatened to seize frozen Iranian … Read More<\/a><\/p>\n","protected":false},"author":0,"featured_media":2562,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-2561","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world-news","entry"],"_links":{"self":[{"href":"https:\/\/www.cnnglobalnews.com\/index.php?rest_route=\/wp\/v2\/posts\/2561","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cnnglobalnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cnnglobalnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cnnglobalnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2561"}],"version-history":[{"count":0,"href":"https:\/\/www.cnnglobalnews.com\/index.php?rest_route=\/wp\/v2\/posts\/2561\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.cnnglobalnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2561"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cnnglobalnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2561"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cnnglobalnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2561"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}