Pakistan, July 28 -- Iran said companies and countries receiving its frozen assets as compensation for damaged vessels would not be allowed to transit the Strait of Hormuz. The warning came amid rising tensions between Tehran and Washington over Gulf shipping security.

Iran's joint military command spokesperson Ebrahim Zolfaqari rejected US President Donald Trump's warning regarding compensation for ships damaged by Iran. The comments were reported by Iranian state media on Tuesday.

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Zolfaqari said any entity accepting Iranian frozen funds as compensation would face restrictions on using the strategic waterway. However, he did not provide details on how such ...