The U.S. plans to redirect Iranian assets to Gulf states for rebuilding and repairs following recent Iranian attacks. Treasury Secretary Scott Bessent is assessing damage costs, with frozen assets potentially used for compensation. This comes amid stalled peace negotiations and renewed skirmishes between the U.S. and Iran.

WASHINGTON: The United States will make Iranian assets available to Gulf allies to support rebuilding and repairs for future damage caused by Iran, a source familiar said…

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…