Iran's Armed Forces Warn Against Using Frozen Assets for Reparations, Threatens to Ban Ships from Strait of Hormuz on July 28

According to Iran's state media on July 28, Iran's armed forces warned that any country or company accepting U.S. compensation using Iran's frozen assets will have their ships barred from transiting the Strait of Hormuz. The warning came after U.S. President Trump announced plans to use Iran's frozen assets to compensate vessels damaged during U.S.-Iran conflicts. Iran's military said the ships were damaged due to regional instability caused by U.S. military actions and illegal shipping routes in the southern Strait of Hormuz.
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