The US Treasury plans to redirect frozen Iranian assets to Gulf allies for $58 billion in damages, threatening ceasefire talks and impacting energy markets.

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…