US eyes Iranian assets for Gulf allies’ reconstruction, source says
Key takeaways
- US Treasury Secretary Scott Bessent has directed a team to assess costs for damages already inflicted on Gulf allies by Iran, the source said, adding that the U.S.
- The source on Saturday did not specify what kind of assets the Treasury was examining.
- The threatened redirection of Iranian assets could create a new irritant to a fragile ceasefire between the United States and Iran, which was tested again this weekend with strikes by the US and Iran.
Why this matters: local context for readers following news across Pakistan and the region.
Add ARY News on Google AAResize The US government will attempt to redirect Iranian assets to Gulf states for rebuilding and repairs of damage caused by Iran, a source familiar with the matter said, as Tehran followed up a wave of strikes against Kuwait and Bahrain with further drone launches.
US Treasury Secretary Scott Bessent has directed a team to assess costs for damages already inflicted on Gulf allies by Iran, the source said, adding that the U.S. will consider using Iranian assets for repairs of any future destruction as well.
The disclosure came a day after Mohsen Rezaei, an adviser to Iran’s supreme leader, told CNN that a peace deal to end the three-month war hinged on the release of $24 billion in Iranian assets frozen by the United States.