Iran Plans to Sell Seized Ships to Fund War Compensation
Iran intends to auction vessels taken in the Gulf. Proceeds will support families affected by recent hostilities.
Key points
- Iran will sell U.S. and Israel-linked ships seized in the Gulf.
- Proceeds will compensate families affected by recent war damage.
- Authorities also seized 2,191 bank accounts and 37 vehicles from 394 people.
Iran plans to sell commercial vessels linked to the U.S. and Israel. These ships were seized in the Strait of Hormuz and the Persian Gulf. A senior judicial official announced the move on Tuesday.
According to Marine Insight, the proceeds will compensate war victims. Hassan Abdollianpour, head of the judiciary’s Centre for Lawyers, confirmed the seizures. He stated that the sales aim to aid affected families.
Vessels seized during recent conflict
Two container ships were captured in April. The Panama-flagged MSC Francesca and the Liberia-flagged Epaminondas were involved. Iranian forces boarded them as they tried to leave the Gulf.
The Revolutionary Guard accused the ships of lacking permits. They also alleged interference with navigation systems. Authorities moved the vessels toward Bandar Abbas for inspection.
About 40 crew members were aboard the two ships. The Epaminondas sustained damage from gunfire and rockets. No crew members were reported injured during the incident.
Judicial actions against alleged collaborators
Tehran Prosecutor Ali Salehi announced additional asset seizures. Authorities took 2,191 bank accounts and 37 vehicles. These assets belonged to 394 individuals accused of working with hostile entities.
The judiciary cited espionage laws in these actions. Officials did not name the individuals involved. They also withheld details on the value of the seized assets.
Compensation for regional war damage
Experts are assessing damage from U.S. attacks. This includes harm in southern Iran’s Hormozgan province. The vessel sales directly fund relief for these areas.
Earlier reports noted 143 cases of property seizures. These involved people accused of supporting hostile states. The current sales continue this broader judicial effort.
