Iran Criticizes US Plan to Seize Assets

Jul 24, 2026

59 min

Jul 24, 2026 04:30

'Incendiary precedent': Iran's foreign minister blasts US asset seizure threat

## Iran's Response to US Asset Seizure Plan

Iran's Foreign Minister, Seyed Abbas Araghchi, has strongly criticized the United States' intention to seize Iranian assets. He argues that this move could disrupt international norms regarding sovereign property and lead to global financial instability.

## US-Iran Tensions

The criticism comes amid ongoing military actions, with US forces targeting Iranian sites for the 13th consecutive night. The US has launched over 35 strikes on Ahvaz, a key oil region in Iran, escalating tensions further.

## Asset Seizure Controversy

The US plans to redirect frozen Iranian assets to compensate for damages to commercial vessels affected by Iranian actions in the Hormuz Strait. Araghchi warns that such actions set a dangerous precedent, potentially jeopardizing the security of international assets.

## Diplomatic Implications

Iran holds over $100 billion in frozen assets globally, tied to oil revenues and affected by US sanctions. Past diplomatic negotiations have often involved discussions about unfreezing these assets in exchange for Iranian concessions.

## Ongoing Negotiations

Despite the current ceasefire, tensions remain high, with accusations of violations from both sides. Negotiations continue, focusing on asset access, sanctions relief, and nuclear program limits, but deep mistrust complicates progress.

Read the full story at the source

What you need to know to get Emirates ID?

Leave your details and get a guide as a gift to avoid mistakes

Article contents