U.S. Considers Redirecting Iranian Assets to Gulf Allies for Reconstruction Amid Escalating Tensions
The U.S. Treasury Secretary Scott Bessent has directed a team to assess damage inflicted on Gulf allies by Iran and explore using frozen Iranian assets for rebuilding and repairs. The move comes amid ongoing military tensions and stalled diplomatic talks. The U.S. plans to make Iranian assets available to Gulf allies for future damage caused by Iran.
Sources
The US is exploring redirecting frozen Iranian assets to Gulf states for rebuilding after missile and drone strikes. This move comes as indirect negotiations between the US and Iran remain deadlocked, with Tehran demanding the release of $24 billion in frozen funds. Military tensions continue to escalate across the region despite ongoing diplomatic efforts.
U.S. Treasury Secretary Scott Bessent has also directed a team to assess costs for damage already inflicted on Gulf allies by Iran, the source said, adding that the U.S. will consider using Iranian assets for those repairs as well
The United States will make Iranian assets available to Gulf allies to support rebuilding and repairs for future damage caused by Iran"
The US government will attempt to redirect Iranian assets to Gulf states for rebuilding and repairs of damage caused by Iran, a source familiar with the matter said, as Tehran followed up a wave of strikes against Kuwait and Bahrain with further drone launches.