On Tuesday, July 28th, 2026, Iran officially rejected US President Donald Trump’s claim that ships damaged by Iran in the Gulf would be compensated from frozen Iranian assets. The Iranian Revolutionary Guard Corps (IRGC) spokesperson, Ebrahim Zolfaghari, further warned that any vessel accepting such compensation would face a ban from transiting the strategically vital Strait of Hormuz.

This development highlights ongoing tensions in the Gulf region, with Iran firmly opposing the US plan to use its frozen funds for compensations related to maritime incidents. The IRGC’s warning underscores Iran’s control over the Strait of Hormuz, a crucial chokepoint for global oil transportation.

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