Trump Posts He Will Use Frozen Iranian Reserves to Pay for U.S. Ship Repairs
The president announced on Truth Social that he has ordered blocked Iranian central bank funds released to cover the cost of repairing American vessels damaged in the Hormuz clashes.
- Trump wrote that the money will be taken directly from Iran's frozen accounts, with no approval from Congress or international sanctions bodies.
- The move follows a week of U.S.-Iran naval exchanges that left two tankers burning and a U.S. destroyer with damage to its hull.
- The president's post stated that any excess funds after repairs will remain seized, calling it 'the price for shooting at our ships.'
Why it matters: The frozen reserves of a hostile state have become a presidential discretionary fund, allocated by tweet and enforced by military presence alone, without any statutory framework.