The U.S. government is considering redirecting Iranian assets to support reconstruction and repairs for Gulf countries affected by Iranian attacks, multiple outlets report, citing a source familiar with the matter and accounts of U.S. Treasury Secretary Scott Bessent’s plans. Reuters and other outlets say Bessent has directed a Treasury team to assess the costs of damage inflicted on Gulf allies by Iran, including damage already incurred and estimates for potential future repairs tied to additional damage. The reporting indicates the U.S. will look at using Iranian assets for rebuilding efforts in states such as Kuwait and Bahrain following recent attacks. The sources do not consistently specify which Iranian assets would be involved, and one outlet notes that the language used does not appear limited to frozen financial assets. Some reports describe the review as covering both future rebuilding and compensation for past damage. The move is discussed against the backdrop of ongoing regional attacks, with Iran launching drones in addition to earlier strikes against the Gulf, and with U.S. officials weighing options for how any redirected funds or assets could be made available for reconstruction work.
U.S. considers redirecting Iranian assets to rebuild Gulf states after Iranian attacks
The U.S. government is considering redirecting Iranian assets to support reconstruction and repairs for Gulf countries affected by Iranian attacks, multiple outlets report, citing a source familiar wi...
- U.S. Treasury is assessing costs of damage to Gulf allies caused by Iranian attacks.
- Reports say Treasury Secretary Scott Bessent has directed a team to estimate both past damage and future repair needs.
- Multiple outlets report the U.S. will consider redirecting Iranian assets to support reconstruction and repairs in affected Gulf states.
- Some reporting does not specify whether the assets are limited to frozen financial assets, and may include broader categories.
- The discussions follow recent Iranian strikes affecting Kuwait and Bahrain, according to the reporting.
The source on Saturday did not specify what kind of assets the Treasury was examining. The language used to describe the new measures did not appear limited to frozen assets.
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...
2 months agoThe 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 war with Iran, the reports said. Options were also being examined to make Iranian assets available for future repair and reconstruction work. It was not initially known what type of assets were under consideration, for example money in frozen bank accounts or physical assets such as oil tankers. Iran has repeatedly fired at Gulf states since the start of the war on Feb. 28, most recently targeting Kuwait and Bahrain in the early hours of Saturday. The U.S. military maintains bases there, located just a few hundred kilometres from Iran. A ceasefire in the conflict has nominally been in place since April 8. Nevertheless, mutual attacks continue to o
2 months agoThe US is planning to authorize the use of frozen Iranian financial assets to fund reconstruction and recovery efforts in Persian Gulf nations affected by Tehran’s military strikes. Sources familiar with the position of US Treasury Secretary Scott Bessent confirmed that the agency is assessing damage estimates to compensate for both past and future Iranian aggression. The move comes amid a dangerous escalation in regional hostilities, highlighted by recent interceptions of Iranian ballistic missiles over Kuwait and Bahrain.
2 months agoThe U.S. government will attempt to redirect Iranian assets to Gulf states for rebuilding and repairs of future
2 months agoUS Treasury Secretary Scott Bessent has directed a team to assess costs for damages already inflicted on Gulf allies by Iran, the source said.
2 months ago
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