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Iranian Funds to Pay for Shipping Damages | US News
Trump’s bold move to use frozen Iranian assets to pay for damages to ships in the Red Sea signals escalating U.S. pressure on Tehran, as Iran-backed groups continue attacking commercial vessels. With a potential major military strike looming, the administration is tightening financial screws — targeting Iranian networks, warning global banks against handling Iranian funds, and expanding sanctions to cripple Iran’s ability to fund aggression. The strategy? Deterrence through economic and military force, aimed squarely at protecting vital shipping lanes and isolating Iran’s financial reach…
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