Treasury Secretary Scott Bessent plans to use $100-120 billion in frozen Iranian assets, including $1 billion in seized crypto, to compensate Gulf allies

The US Treasury is considering redirecting $24 billion in frozen Iranian assets to Gulf allies while seizing $500 million in crypto from Iran's Nobitex

The US is exploring using $24 billion in frozen Iranian assets to compensate Gulf allies, threatening ceasefire talks as Tehran demands access to its funds.