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President says seized Iranian assets will be used to pay shipping damages; details not specified
Summary
Questioned about billions taken in from Venezuela and the use of Iranian assets, the president said seized funds "will be used to pay for the damage they did," but provided no implementation details or beneficiaries.
A reporter asked where tens of billions from Venezuela and other seized funds were being directed. The president gave varying figures when asked — mentioning both "$13,000,000,000" and "20,000,000,000" — and said such funds can support national priorities, including the military, subject to congressional approval. When pressed about Iranian assets tied to Strait disruptions, he said, "We're gonna use Iran's money to pay for the damage they did," but declined to describe whether payments would go directly to shipping companies or through another mechanism.
The gaggle did not produce a plan, statutory citation, or a named implementing agency for transferring seized assets to victims or insurers. Reporters sought specifics; the president provided policy intent but not a legal or administrative pathway.
