US President Trump said in a social media post on July 23, local time, “Until further notice, from now on, all damage to ships, cargo and related property will be covered by Iranian funds held and controlled by the US. Such losses may be significant, but only fair and reasonable.” Recently, the US military launched a series of military attacks against Iran on the grounds that Iran attacked merchant ships in the Strait of Hormuz.

US President Trump said in a social media post on July 23, local time, “Until further notice, from now on, all damage to ships, cargo and related property will be covered by Iranian funds held and controlled by the US. Such losses may be significant, but only fair and reasonable.” Recently, the US military launched a series of military attacks against Iran on the grounds that Iran attacked merchant ships in the Strait of Hormuz.