Trump threatens to seize Iranian assets

The US president’s push to seek damages for attacked ships is an “incendiary precedent” that risks chaos, Tehran has said US President Donald Trump has threatened to seize frozen Iranian assets to cover “any and all damages” to ships and cargo damaged due to the conflict in the Middle East. Iran has hit back, with Foreign Minister Abbas Araghchi warning that the move sets an “incendiary precedent” that could have global ramifications.Trump took to Truth Social on Thursday, warning that “from this point forth, any and all damages done to Ships, Cargo, or anything related thereto, will be paid for by Iranian Money that the United States has in its possession, and controls.” He added that “these damages may be very substantial,” describing it as “the fair and equitable thing to do.”The remarks came hours after Yemen’s Houthi rebels, a group with strong ties to Iran, claimed strikes on two Saudi oil tankers in the Red Sea. The US has also accused Iran of targeting vessels in the Strait of Hormuz, while Tehran has insisted that any passing ships should abide by the regulations it imposed. In an earlier post, Trump warned Tehran that it would face “major military punishment” over the Hou...