New Delhi, July 28 -- Iran on Tuesday (July 28) warned it could block commercial vessels linked to companies and countries using its frozen assets for compensation payments from transiting the Strait of Hormuz.

The warning came after US President Donald Trump said future damages to ships, cargo and related maritime assets would be paid using Iranian funds held and controlled by Washington.

In a statement carried by Iranian state broadcaster Islamic Republic of Iran Broadcasting (IRIB), the spokesperson for Iran's Khatam al-Anbiya Central Headquarters accused the United States of attempting to use Tehran's frozen assets to compensate for damage caused during the recent conflict in West Asia.

Iran described the conflict as an "imposed wa...