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US to make Iranian assets available for repairs in Gulf states that were damaged in Iranian attacks

From Jerusalem Post · () English

Summarized and contextualized by DistantNews.

At a glance

News Named sources Ongoing story
  • The United States plans to make Iranian assets available to Gulf allies for rebuilding and future repairs.
  • These assets could also be used to compensate for past damages caused by Iran.
  • U.S. Treasury Secretary Scott Bessent has directed a team to assess the costs of damage already inflicted on Gulf allies.

The United States intends to allocate Iranian assets to its Gulf allies, providing support for reconstruction and future repairs necessitated by potential damage from Iran. This initiative aims to bolster regional stability and address ongoing concerns regarding Iran's actions.

A source familiar with the matter revealed that the U.S. is also considering the use of these frozen assets to cover damages that have already occurred. U.S. Treasury Secretary Scott Bessent has reportedly instructed a dedicated team to conduct a thorough assessment of the costs incurred by Gulf allies due to past Iranian aggressions.

The U.S. will also consider using those assets to support repairs for past damages.

— Source familiar with the matterRegarding the use of Iranian assets for compensation.

This developing story indicates a significant policy shift in how the U.S. plans to leverage financial measures against Iran while supporting its regional partners. The move underscores the administration's commitment to holding Iran accountable for its destabilizing activities in the Gulf region.

U.S. Treasury Secretary Scott Bessent has directed a team to assess costs for damage already inflicted on Gulf allies by Iran.

— Source familiar with the matterDetailing the assessment process for past damages.
DistantNews Editorial

Originally published by Jerusalem Post. Summarized and contextualized by our editorial team with added local perspective. Read our editorial standards.

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