Iran says anyone receiving its frozen funds as compensation won't be allowed through Hormuz

XLE•2026-07-28

Iran warns recipients of frozen assets over Hormuz transit

DUBAI, July 28 (Reuters) - Any company or country that receives Iranian frozen assets as compensation for its damaged vessels won't be allowed to transit the Strait of Hormuz, Iran's joint military command said on Tuesday according to state media.

The military command spokesperson Ebrahim Zolfaqari rejected U.S. President Donald Trump's warning that ships damaged by Iran in the Gulf would be compensated using Iranian frozen funds.

Iran says anyone receiving its frozen funds as compensation won't be allowed through Hormuz

Iran warns recipients of frozen assets over Hormuz transit

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