Iran: We will not allow passage through 'Hormuz' for those who receive our frozen funds

Iran's Joint Supreme Military Command announced that any company or country receiving frozen Iranian assets as compensation for ships damaged in the Gulf will not be allowed to pass through the Strait of Hormuz, in a new escalation of tensions. Iranian state media quoted the Khatam al-Anbiya Central Headquarters on the decision, and spokesman Ebrahim Zolfaqari rejected Trump's statements regarding compensation for damaged ships using frozen Iranian funds.

Iran's Joint Supreme Military Command announced on Tuesday that any company or country receiving frozen Iranian assets as compensation for ships damaged in the Gulf will not be allowed to pass through the Strait of Hormuz. Iranian state media quoted the Khatam al-Anbiya Central Headquarters that the decision includes any entity that obtains frozen Iranian funds under a compensation mechanism for damage to its ships. The military command spokesman, Ebrahim Zolfaqari, rejected statements by US President Donald Trump regarding compensation for ships damaged by Iran in the Gulf using frozen Iranian funds. Trump had announced a plan to use frozen Iranian assets to compensate ships that suffered damage in the region. The Strait of Hormuz is one of the most important maritime passages in the world, through which a large percentage of global energy exports pass.