President Donald Trump issued a statement on July 23, 2026, declaring that damages to ships, cargo, and related matters will be paid for using Iranian funds under U.S. control.

Please let this statement serve to represent, until further notice, 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. These damages may be very substantial but, nevertheless, this is the fair and equitable thing to do. Thank you for your attention to this matter! President DONALD J. TRUMP

The statement was shared on social media by user @hey_itsmyturn.