Iran says it will bar vessels from countries or companies that accept compensation from its frozen assets from transiting the Strait of Hormuz. Iran warns that countries and companies accepting compensation from its frozen assets could be denied passage through the Strait of Hormuz. Photo: Anadolu AgencyTehran says vessels linked to recipients of compensation from frozen Iranian assets will be barred from the strategic waterway. Iran rejected US President Donald Trump’s claim that ships damaged by Iran in the Gulf would be compensated from frozen Iranian funds. The spokesman also warned Trump of what he described as the consequences of the “illegal” decision to use Iran’s frozen assets to compensate damaged vessels.