Iran Warns Countries Over Frozen Assets, Threatens Hormuz Transit Restrictions

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(FILES) In this file photo taken on September 22, 2018 members of Iran's Revolutionary Guards Corps (IRGC) march during the annual military parade marking the anniversary of the outbreak of the devastating 1980-1988 war with Saddam Hussein's Iraq, in the capital Tehran. - The United States will designate Iran's Revolutionary Guards as a terrorist organization, an unprecedented move that would ramp up pressure on the elite force, The Wall Street Journal reported April 5, 2019. The newspaper, quoting unnamed officials, said President Donald Trump's administration would announce the long-mulled decision as soon as Monday and that concerned defense officials were bracing for the impact. (Photo by STR / AFP)

TEHRAN — Iran has warned that any country or company receiving compensation from frozen Iranian assets for ships allegedly damaged by Tehran will not be allowed to pass through the strategically vital Strait of Hormuz.

According to Iranian state media, the warning was issued on Tuesday by the spokesperson for Iran’s Joint High Command of the Armed Forces, affiliated with the Islamic Revolutionary Guard Corps (IRGC).

Military spokesperson Ebrahim Zolfaqari rejected recent remarks by US President Donald Trump, who said that frozen Iranian funds could be used to compensate vessels allegedly targeted by Iran during the ongoing regional conflict.

Zolfaqari stated that any state or company accepting such compensation from Iran’s frozen assets would face restrictions on transiting the Strait of Hormuz, one of the world’s most important maritime energy corridors.

The statement marks another escalation in tensions surrounding the waterway, through which a significant share of global oil and liquefied natural gas shipments passes. Iran has repeatedly warned that it could take measures affecting navigation in the strait if its economic interests are threatened.

The latest remarks come amid heightened regional tensions and continued disputes between Tehran and Washington over sanctions, frozen Iranian assets, and maritime security in the Gulf. No immediate response from the United States or other affected countries was available.

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