Tehran denounces Trump plan to seize frozen Iranian assets amid rising U.S.-Iran tensions

Tehran condemned Trump’s pledge to use frozen Iranian funds to pay damages in the Strait of Hormuz, calling it an incendiary precedent as U.S.-Iran tensions flare. Trump claimed the money held by the U.S. would cover damages, while Iran warned of consequences; asset freezes date back decades and are estimated around $100 billion, with talks of a payout mechanism having been part of a now-collapsed MoU. The confrontation comes as US-led strikes continue and Iran conducts drone attacks on bases in the region, with Hormuz shipping traffic dropping to a low, underscoring the broader conflict.