Tehran said that US President Donald Trump’s threat to pay for shipping damage with Iranian assets was an “incendiary precedent”, AFP reports.

“Seizing another nation’s assets to pay for unrelated future claims is an incendiary precedent,” Iranian Foreign Minister Abbas Araghchi posted on X.

“Those who celebrate or profit from such funds should remember: once governments normalise confiscation, no one’s assets are safe. Ensuing chaos will not be pretty or peaceful,” he said.

Opinion

Editorial

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Updated 24 Jul, 2026

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