Iran says anyone receiving its frozen funds as compensation won't be allowed through Hormuz

DUBAI: Any company or country that receives Iranian frozen assets as compensation for its damaged vessels won’t be allowed to transit the Strait of Hormuz, Iran’s joint military command said on Tuesday according to state media.

The military command spokesperson Ebrahim Zolfaqari rejected U.S. President Donald Trump’s warning that ships damaged by Iran in the Gulf would be compensated using Iranian frozen funds.

Trump says he is ready for military action if Iran talks fail, reports