Iran has threatened to bar countries and companies from transiting the Strait of Hormuz if they receive money drawn from frozen Iranian assets. The warning comes in response to a proposal by US President Donald Trump, who suggested that ships damaged by Iran in the Gulf region would be compensated using Tehran’s blocked funds.
Tehran has firmly rejected the plan regarding the use of its frozen assets for compensation. By issuing the transit ban threat, Iranian authorities are targeting any nations or entities that agree to accept the funds under the proposed American arrangement.
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