US Eyes Redirecting Iranian Assets to Gulf Allies for Reconstruction
The U.S. government will attempt to redirect Iranian assets to Gulf states for rebuilding and repairs of damage caused by Iran, including future destruction expected to be inflicted by Tehran, a source familiar with the matter said on Saturday. The move comes a day after a wave of attacks by Iran against Kuwait and Bahrain. U.S. Treasury Secretary Scott Bessent has also directed a team to assess costs for damage already inflicted on Gulf allies by Iran. The United States will consider using Iranian assets for those repairs as well, according to the source. The source 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, suggesting that the U.S. could examine a broader range of Iranian financial holdings. The Trump administration is seeking […]