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US plans to use Iranian assets for Gulf reconstruction, reports say
🇵🇾 Paraguay /Energy & Infrastructure

US plans to use Iranian assets for Gulf reconstruction, reports say

From ABC Color · () Spanish

Translated from Spanish, summarized and contextualized by DistantNews.

At a glance

News Named sources Context piece
  • The U.S. plans to use Iranian assets for reconstruction in Gulf nations affected by war, according to CBS News and CNN.
  • The Treasury Department is assessing conditions and damages caused by Iran to Gulf countries, including Saudi Arabia, Bahrain, and the UAE.
  • This comes as the Gulf Cooperation Council condemned recent Iranian attacks, calling them a direct threat to the region.

The United States is reportedly planning to leverage Iranian assets to fund reconstruction efforts in Gulf countries impacted by conflict, according to reports from CBS News and CNN citing sources close to Treasury Secretary Scott Bessent.

The Treasury Department is exploring the use of "all available authority to make Iranian assets accessible for reconstruction and repair efforts" in the region. CNN indicated that Bessent's team will evaluate the conditions and calculate the damages Iran has inflicted upon Gulf nations. These nations include Saudi Arabia, Bahrain, Qatar, the United Arab Emirates, Kuwait, and Oman.

While the specific assets to be utilized remain unclear, the reports emerge shortly after the Secretary-General of the Gulf Cooperation Council, Jasem Mohamed al-Budaiwi, condemned recent Iranian attacks on Bahrain and Kuwait. He characterized these actions as a "direct threat" to the region.

Earlier reports suggested that an agreement with the U.S. might hinge on President Donald Trump releasing $24 billion in frozen Iranian funds. The U.S. and Iran have been exchanging peace deal drafts through Pakistani mediators, but messages regarding the progress of talks to end the war have been contradictory, with Tehran claiming paralysis while Trump asserts ongoing negotiations.

DistantNews Editorial

Originally published by ABC Color in Spanish. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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