US Weighs Using Iranian Assets for Gulf Reconstruction

The U.S. Treasury Department is exploring the possibility of utilizing Iranian assets to aid allies in the Persian Gulf region who have been impacted by recent Iranian attacks. This initiative, reported by sources close to Treasury Secretary Scott Bessent, aims to provide support following the escalating conflict.

Secretary Bessent has reportedly ordered a comprehensive assessment of the damage incurred since the war with Iran began. The Treasury is also examining how Iranian assets could be allocated for future reconstruction and repair work. It remains uncertain whether these assets refer to funds held in frozen bank accounts or physical property such as oil tankers.

Iran has repeatedly targeted Gulf states since the conflict's outset on February 28, with recent attacks directed at Kuwait and Bahrain. U.S. military bases are situated within a few hundred kilometers of Iran, highlighting the regional tensions. Despite an official ceasefire in effect since April 8, mutual attacks continue to be reported. As U.S. and Iran engage in negotiations, Tehran is also demanding the return of its frozen assets.