US eyes Iranian assets for Gulf allies' reconstruction: Reuters
Scott Bessent has directed Treasury to assess repair costs and explore using frozen funds for rebuilding after Iranian attacks, sources said.
- On Saturday, June 6, 2026, U.S. Treasury Secretary Scott Bessent directed a team to assess damage inflicted on Gulf allies by Iran and evaluate redirecting Iranian assets to finance repairs.
- The move follows Iranian strikes toward Kuwait and Bahrain on Saturday, prompting U.S. Central Command to intercept six missiles and strike Iranian coastal radar sites; Iran's Revolutionary Guard claimed they hit enemy bases.
- Mohsen Rezaei, military adviser to Supreme Leader Ayatollah Mojtaba Khamenei, told CNN that a peace deal hinges on the U.S. releasing $24 billion in frozen assets, framing it as a "trust-building measure."
- Amid stalled negotiations, Pakistani Interior Minister Mohsin Raza Naqvi arrived in Tehran on Saturday carrying a "special letter" from Pakistan's army chief and prime minister to Supreme Leader Ayatollah Mojtaba Khamenei.
- These emerging asset redirection plans could further strain the fragile U.S.-Iran ceasefire, which was tested this weekend by renewed exchanges of fire, potentially complicating ongoing diplomatic efforts to end the three-month war.
138 Articles
138 Articles
Treasury intends to use Iranian assets for Gulf allies to rebuild: CBS report
The Treasury Department is planning to use Iranian assets to assist Gulf allies in the rebuilding process resulting from Iranian damage from the war, according to a new report. CBS News, citing a source aware of Treasury Secretary Scott Bessent’s thoughts, reported Saturday that Iranian assets are set to be used by the department in…
Al Arabiya
Israel strikes Beirut despite truce, Iran threatens to retaliate
US looks to use Iranian assets to help Gulf allies
Washington is reportedly looking to redirect Iranian assets to Gulf countries to help them rebuild following strikes from Tehran.A recent wave of attacks against Kuwait and Bahrain has damaged infrastructure including energy facilities, military sites, and airports.The initiative from the Trump administration comes as the $24 billion in frozen Iranian assets grows more central to peace talks: Tehran is insisting on their release, and Washington’…
REPORT: Trump Admin Considers Bold Strategy Using Iran's Frozen Assets
The U.S. Treasury Department is developing plans to redirect frozen Iranian assets toward rebuilding and repair efforts in Gulf states affected by damage from Iranian missile and drone strikes during the ongoing conflict. According to a report from CBS News, the initiative aims to support U.S. allies in the region, including Saudi Arabia, the United Arab Emirates, Kuwait, Bahrain, Qatar, and Oman, all of which have been struck by Iranian drone a…
The U.S. will attempt to divert Iranian assets to the Gulf States for reconstruction and repair of damage caused by Iran, according to a well-known source, after Tehran, after a wave of attacks on Kuwait and Bahrain, has launched new drones. Treasury Secretary Scott Bessent has ordered a team to assess the costs of damage inflicted on Iran's Gulf allies, according to the source on Saturday, adding that the U.S. will also consider using Iranian a…
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