US Treasury Secretary Scott Bessent warned that $24 billion in frozen Iranian assets could be used to compensate Gulf allies for damages.

Iran and the US are negotiating the release of $24 billion in frozen assets, with Tehran demanding $12 billion upfront. Here's what it means for markets.

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