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The United States intends to redirect frozen Iranian assets to Gulf states to fund rebuilding and repairs necessitated by Iran's recent wave of strikes. A source familiar with the matter revealed that U.S. Treasury Secretary Scott Bessent has tasked a team with assessing the costs of damage inflicted on Gulf allies.

The U.S. is also considering utilizing Iranian assets to cover repairs for any future destruction caused by Tehran. This disclosure comes as Iran continues drone launches following attacks against Kuwait and Bahrain. The potential redirection of assets could further strain the fragile ceasefire between the U.S. and Iran, which has been tested by recent skirmishes.

Peace negotiations appear to have stalled, despite a Pakistani minister's visit to Tehran with a letter for Iran's Supreme Leader Ayatollah Mojtaba Khamenei. The U.S. military reported striking Iranian coastal radar sites in Goruk and Qeshm Island early Saturday after intercepting Iranian drones that threatened maritime traffic. Two additional Iranian attack drones were shot down.

Iran's Revolutionary Guard claimed responsibility for retaliating against U.S. bases in Kuwait and Bahrain. Kuwait's army confirmed engaging seven ballistic missiles that passed over residential areas, causing material damage but no casualties. Bahrain experienced air raid sirens, and residents were advised to seek shelter. The U.S. military stated that seven missiles were intercepted or did not reach their targets, contradicting Iran's claims of hitting U.S. bases in both countries.

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The US government will attempt to redirect Iranian assets to Gulf states for rebuilding and repairs of damage caused by Iran, a source familiar with the matter said, as Tehran followed up a wave of strikes against Kuwait and Bahrain with further drone launches.