Iran War Day 147: Trump Says Seized Iranian Funds to Be Used for Hormuz Damages
American decisionmakers weighed new financial and military options to change the course of the war as the U.S. and Iran continued to trade strikes Friday. The New York Times reported Friday, citing four anonymous sources, that President Donald Trump met with cabinet officials to consider whether to escalate the Iran War. Trump said Thursday that he would use confiscated Iranian funds to cover for any damages sustained to vessels attacked by the IRGC in the Strait of Hormuz.
- ▪American decisionmakers weighed new financial and military options to change the course of the war as the U.S. and Iran continued to trade strikes Friday.
- ▪The New York Times reported Friday, citing four anonymous sources, that President Donald Trump met with cabinet officials to consider whether to escalate the Iran War.
- ▪Trump said Thursday that he would use confiscated Iranian funds to cover for any damages sustained to vessels attacked by the IRGC in the Strait of Hormuz.
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| Original publisher | The American Conservative |
| Canonical URL | https://www.theamericanconservative.com/iran-war-day-147-trump-says-seized-iranian-funds-to-be-used-for-hormuz-damages/ |
| Publication time | Fri, 24 Jul 2026 22:30:00 +0000 |
| Retrieval time | 2026-07-24T22:36:38.523Z |
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The Iran War Iran War Day 147: Trump Says Seized Iranian Funds to Be Used for Hormuz Damages State of the Union: Israel’s Prime Minister Benjamin Netanyahu will visit the White House on Tuesday. (Photo by ATTA KENARE / AFP via Getty Images) / <div class="o-image__issue-wrapper"> <img class="o-image__image" srcset="https://tac.imgix.net/wp-content/uploads/2025/08/TAC_mug_1202_2025.jpg?auto=format&crop=faces%2Centropy&fit=crop&ixlib=php-3.3.1&w=32 32w, https://tac.imgix.net/wp-content/uploads/2025/08/TAC_mug_1202_2025.jpg?auto=format&crop=faces%2Centropy&fit=crop&ixlib=php-3.3.1&w=32 32w, https://tac.imgix.net/wp-content/uploads/2025/08/TAC_mug_1202_2025.jpg?auto=format&crop=faces%2Centropy&fit=crop&ixlib=php-3.3.1&w=32 32w,…
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