Iran threatens to block ship owners accepting compensation from frozen assets

Iran has threatened to deny passage through the Strait of Hormuz to vessels whose owners accept compensation from the country’s frozen assets, the nation’s main military command said on Tuesday.
The Khatam al-Anbiya Central Headquarters said any vessel belonging to a country or company receiving such compensation would be barred from transiting the strategic waterway, according to Iran’s state broadcaster, IRIB.
The warning followed remarks by U.S. President Donald Trump that ships damaged by Iran in the Gulf would be compensated using Iran’s frozen funds.
Responding, a spokesman for the headquarters rejected the proposal.
He argued that the vessels were damaged due to insecurity caused by the U.S. military.
The spokesman also claimed that the ships had used an illegal and unsafe shipping route south of the Strait of Hormuz.
He warned that Iran’s armed forces would deny passage to vessels whose owners accepted the compensation.
He said Iran’s armed forces would prevent vessels belonging to countries or companies that accepted the compensation from passing through the strait.
According to the report, Iran has tightened restrictions on maritime traffic through the Strait of Hormuz since February 28 following joint U.S.-Israeli strikes on Iranian territory, barring vessels linked to Israel and the United States from safe passage.
(Xinhua/NAN)
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette

Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices

Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”

States
Scores killed in fresh attack on Benue community
Scores of residents were killed in an attack on the Efeyi community in Ugboju District of Otukpo Local Government Area on Tuesday.

World
UK schools to offer technical subjects to pupils from age 14, says Burnham
“We’ve had a system built for too long around the university route, and it sends a message to some young people that they’re some kind of second-class citizens,” he said.

Politics
2027: Tinubu will win all 36 states, says SWAGA chairman Adeyeye
“He will win in all the 36 states of Nigeria in the 2027 presidential election because he has performed beyond expectations,” he said.

World
Colombia president-elect De La Espriella helped Alex Saab, others secure reduced sentences in United States: Report
The 47-year-old president-elect assisted several accused Latin American drug traffickers to avoid significant prison sentences in the U.S.

NationWide
FG sets Nigeria’s housing deficit at 15 million units
The federal government officially pegged Nigeria’s housing deficit at 15 million units, ending years of uncertainty over conflicting estimates.

States
Borno stakeholders seek extension of voter registration
Mr Ibrahim said the extension would enable those living in hard-to-reach communities affected by insecurity and poor access to registration centres to register.





