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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.
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US plan to use Iranian assets for Gulf reconstruction: reports
The United States is reportedly considering redirecting Iranian assets to Gulf states that have been attacked by Tehran, according to several U.S. media outlets. The reports, citing a source close to Treasury Secretary Scott Bessent, said the Treasury Department was considering using the funds to support U.S. allies in the region following Iranian attacks. Bessent has commissioned comprehensive estimates of damage incurred since the start of the…
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Total News Sources86
Leaning Left14Leaning Right18Center15Last UpdatedBias Distribution38% Right
Bias Distribution
- 38% of the sources lean Right
38% Right
L 30%
C 32%
R 38%
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