The United States is considering reallocating Iranian assets to support its allies in the Gulf region with reconstruction efforts and compensation for damage resulting from Iranian attacks, according to a Reuters report.
US Treasury Secretary Scott Bessent has reportedly tasked a specialised team with drawing up a comprehensive assessment of the cost of the damage sustained by Washington's Gulf allies since the escalation began, as well as exploring options for using Iranian assets to cover those losses and any potential future damage.
The Fox Business network quoted another source as saying that Bessent had asked Treasury officials to draw up comprehensive estimates of the cost of damage linked to attacks that have taken place since the start of the war on Iran on 28 February this year.
The source also said that the US Treasury intends to use all available tools to make these assets accessible to the affected Gulf states, ensuring funding for reconstruction and repair efforts, whether for past damage or potential damage in the future.
The source noted that this step could deal a fresh blow to the fragile truce between the US and Iran.
