Trump Directs Seized Iranian Funds to Cover Shipping Damage from 2026 War

President Trump said the U.S. will use Iranian money in its possession to pay for damage to ships or cargo, repurposing frozen state assets as a war-reparations mechanism. The announcement came amid U.S. strikes on Iran and Houthi attacks on two Saudi oil tankers. Iran has rejected a U.S. cease-fire offer delivered via Iraq's prime minister.