Iran’s FM says Trump’s threat to use Iranian assets would be ‘incendiary precedent’

By AP 24 July 2026, 6:35 am

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Iranian Foreign Minister Abbas Araghchi speaks during a news conference with his Iraqi counterpart Fouad Hussein after their meeting at the foreign ministry in Baghdad, Iraq, June 28, 2026. (AP/ Hadi Mizban)

Iranian Foreign Minister Abbas Araghchi says that US President Donald Trump’s threat to use seized Iranian assets to pay for repairs to ships damaged by strikes in the Strait of Hormuz would be an “incendiary” precedent.

“Those who celebrate or profit from such funds should remember: once governments normalize confiscation, no one’s assets are safe,” Abbas Araghchi writes on social media. “Ensuing chaos will not be pretty or peaceful.”