ERBIL, Kurdistan Region of Iraq - US President Donald Trump said early Friday that Washington will use Iranian assets under its control to compensate for any damage to shipping, as the US military concluded its 13th consecutive night of strikes on Iran.

“From this point forth, any and all damages done to Ships, Cargo, or anything related thereto, will be paid for by Iranian Money that the United States has in its possession, and controls,” Trump wrote on Truth Social.

“These damages may be very substantial but, nevertheless, this is the fair and equitable thing to do,” he added.

The unfreezing of Iranian assets was one of the provisions of the 14-point US-Iran agreement signed in mid-June to halt military operations and reopen the Strait of Hormuz. However, the two countries have exchanged strikes for more than 10 consecutive nights after Washington accused Tehran of targeting commercial shipping in the strategic waterway.

Responding to Trump's comments, Iranian Foreign Minister Abbas Araghchi wrote on X that “seizing another nation's assets to pay for unrelated future claims is an incendiary precedent.”

Later on Friday, US Central Command (CENTCOM) announced it had completed its 13th consecutive night of strikes against Iran.

Shortly afterward, Iranian state media reported that four people were killed and five others wounded in US strikes on the southwestern city of Ahvaz. Explosions were also reported in the port city of Bandar Abbas on the Strait of Hormuz and in Omidiyeh.

The attacks came after Yemen's Iran-backed Houthi rebels said that they had attacked two Saudi oil tankers in the Red Sea, raising concerns that the conflict could expand further as global oil prices climbed above $100 per barrel.

Commenting on the Houthi attacks in an earlier Truth Social post, Trump warned that “if they do this again, the U.S. will hold Iran responsible, in that the Houthis are a Surrogate and/or Proxy of Iran, and major military punishment will be inflicted upon Iran and, of course, the Houthis, themselves.”