The U.S. government reportedly plans to redirect Iranian assets to Gulf allies to cover damages caused by Tehran's strikes, with Treasury Secretary Scott Bessent directing a team to assess costs, including potential future destruction.
Bessent Eyes Iranian Assets For Gulf Repairs As the administration reaches out to Gulf allies for damage evaluations, the assets under review are not limited to frozen funds, as per the language used to describe the new measures, Reuters reported, citing a source.
The move follows remarks by Mohsen Rezaei, a senior adviser to Iran's supreme leader, who told CNN that unlocking $24 billion in U.S.-held frozen Iranian assets is a prerequisite for any peace agreement, adding that negotiations have hit a wall.
Hormuz Flashpoint Fuels Fresh Escalation U.S.
Central Command shot down four Iranian one-way attack drones that were threatening maritime traffic in the Strait of Hormuz on Friday.
