US Treasury Secretary Scott Bessent says the United States will be prepared to use frozen Iranian assets to cover costs if Iran harms US partners in the Gulf. In remarks reported by Bloomberg and Al-Monitor, Bessent frames the approach as a potential source of payment for “damage” or costs tied to actions taken by Iran against allies in the region, including in relation to the Hormuz area. Both accounts describe the same core message: that if Iran inflicts damage, the United States intends to extract funds from Iranian accounts that are currently frozen to pay for those impacts. The reports present this as a policy position rather than a specific, immediately executed transaction, and they do not provide details such as timing, amounts, or the specific legal mechanisms the Treasury would use in a given situation. The statements are linked to broader US efforts to deter Iranian activity affecting Gulf security and shipping, with Bessent outlining the possibility that frozen funds could be directed toward compensation for damage to allies.
Bessent Says US Could Use Frozen Iranian Assets to Pay for Gulf Damage
US Treasury Secretary Scott Bessent says the United States will be prepared to use frozen Iranian assets to cover costs if Iran harms US partners in the Gulf. In remarks reported by Bloomberg and Al-M...
- US Treasury Secretary Scott Bessent says the US would use frozen Iranian assets if needed to pay for damage to Gulf allies.
- Both outlets describe the payment approach as drawing funds from Iranian accounts currently held or restricted by the US.
- The statements are tied to potential harm or costs connected to Iran’s actions in the Gulf/Hormuz area.
- The reports present the position as contingent (“if needed”), not an announced immediate transfer of funds.
US Treasury Secretary Scott Bessent said that any damage Iran inflicts on Gulf allies will be paid for with funds extracted from Iranian accounts.
2 months agoTreasury Secretary Scott Bessent said the US will tap into frozen Iranian assets to pay for any damage the country inflicts on its allies in the Gulf.
2 months ago
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