US eyes Iranian assets for Gulf allies' reconstruction: Reuters
The Treasury Department is weighing use of $100 billion in frozen Iranian assets as talks with Tehran hinge on sanctions relief and asset release, officials said.
- On Saturday, the United States Treasury Department, led by Secretary Scott Bessent, announced plans to redirect frozen Iranian assets to help Gulf allies repair infrastructure damage caused by Tehran's military strikes.
- Iran's recent missile and drone attacks on Kuwait and Bahrain prompted the U.S. response, as Tehran's strikes caused significant material damage across the Gulf during the three-month-old war.
- Tehran demands $24 billion in frozen funds as a condition for peace, with global Iranian assets under U.S. sanctions totaling $100 billion; negotiators remain deadlocked as Iran insists on $12 billion upfront.
- Pakistani Interior Minister Mohsin Naqvi arrived in Tehran on Saturday carrying a "special letter" from his country's prime minister and army chief to Supreme Leader Mojtaba Khamenei, advancing U.S.-Iran mediation efforts.
- Officials warn that redirecting these funds could jeopardize the fragile ceasefire, potentially triggering wider conflict, as Iran's leadership vowed to expand strikes on American bases if the United States utilizes these assets.
24 Articles
24 Articles
US may transfer Iranian assets to Gulf states to cover strike damage
After another Iranian attack targeting Kuwait and Bahrain, a US official said Washington is considering using Tehran’s assets to fund reconstruction of future damage — and possibly losses already incurred; it remains unclear whether the plan involves frozen funds alone or physical assets such as oil tankers, as Iran presses for the immediate release of billions of dollars in frozen assets
US wants to send frozen Iranian assets to Gulf allies – media
Tehran is demanding access to its funds as part of any lasting peace deal with Washington The Trump administration is seeking to redirect frozen Iranian assets toward rebuilding energy and other infrastructure damaged by Tehran’s retaliatory strikes in Gulf Arab states hosting US military bases, Bloomberg and CBS News have reported. The Treasury Department plans...
Frozen billions of credits from the Mullah regime are currently the main obstacle to a peace settlement. The Trump administration is now considering making money to compensate the Gulf states for the rocket fire from Tehran.
US eyes Iranian assets for Gulf allies' reconstruction amid ceasefire strain
The move, which comes a day after a wave of Iranian attacks on Kuwait and Bahrain, could add a new layer of tension to already fragile diplomatic efforts, particularly as Tehran has repeatedly demanded access to billions of dollars in Iranian funds held abroad as part of any broader settlement with Washington.
Scott Besant has ordered a team to assess the cost of the damage Iran has already caused to US allies in the Middle East region.
Coverage Details
Bias Distribution
- 46% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
