Tariffs/TradeJuly 23 at 06:19 PM

N12's Ravid comments it is unclear if Trump has the legal ability to do such a thing, adds president can freeze Iranian funds in the US, but using them to pay private shipping companies would likely require a court decision or new legislation

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N12 reports President Trump's plan to pay private shipping firms using frozen Iranian funds faces legal hurdles, likely requiring court approval or new legislation despite his power to freeze assets.

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N12's Ravid comments it is unclear if Trump has the legal ability to do such a thing, adds president can freeze Iranian funds in the US, but using them to pay private shipping companies would likely require a court decision or new legislation

What do investors think?

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