The Treasury Department will use Iranian assets to help U.S. Gulf allies recover from damage caused by Tehran's regime, a source familiar with Treasury Secretary Scott Bessent's thinking told CBS News.
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Richard Escobedo
Richard Escobedo covers economic policy at CBS News and is a coordinating producer at Face the Nation with Margaret Brennan. He joined CBS in 2018 and is a graduate of Texas Christian University in Fort Worth, Texas.
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June 6, 2026 / 6:22 PM EDT
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