U.S. Treasury Considers Using Frozen Iranian Assets to Fund Gulf Ally Reconstruction
Treasury Secretary Scott Bessent has directed a team to assess the costs of damages inflicted on U.S. Gulf allies by Iran. The administration plans to use all available tools to redirect frozen Iranian assets to these states to fund rebuilding efforts and repairs, particularly following recent attacks on Bahrain and Kuwait. Global Iranian assets are estimated to range from several billion to $20 billion, including significant holdings in Luxembourg. This strategic shift comes amid stalled peace negotiations and renewed skirmishes, as the U.S. seeks to support allies that host American military bases and have sustained heavy losses during the conflict.
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Sources
Treasury Department plans to use Iranian assets to help U.S. Gulf allies recover, source says - CBS News
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 thinking told CBS News.
Treasury Department eyeing Iranian assets to help Gulf allies recover: reports | FOX 7 Austin
The Treasury Department is considering allowing Gulf allies to tap into frozen Iranian assets to pay for damages they sustained in the war, a source familiar with the plan told The Associated Press. Reuters and CBS News reported Treasury Secretary Scott Bessent told a team to gather cost estimates ...
US eyes Iranian assets for Gulf allies' reconstruction, source says | GMA News Online
WASHINGTON/DUBAI - The US government ... redirect Iranian assets to Gulf states for rebuilding and repairs of future damage caused by Iran, a source familiar with the matter said on Saturday, a day after a wave of attacks by Iran against Kuwait and Bahrain. US Treasury Secretary Scott Bessent has also directed a team to assess costs for damage already inflicted on Gulf allies by Iran, the ...
Washington plans to reallocate Iranian assets to rebuild Gulf allies - report - i24NEWS
The United States is planning a ... frozen Iranian assets to its Gulf allies to fund rebuilding efforts and repairs from military damage caused by Tehran, according to media reports citing sources familiar with the administration's strategic thinking. The disclosure, reported by ABC News and CNN following ...
The Trump administration’s approach would put some of the assets on a different path. The Treasury Department will use all tools available to allow Iranian assets to be used by Gulf allies to support rebuilding, the official said.
Total Iranian assets affected by these issues are estimated at anywhere from several billion dollars to as much as $20 billion. One of the most prominent disputes involves approximately $1.6 billion to $2 billion connected to accounts belonging to Iran's central bank in Luxembourg. These assets have been tied up in litigation involving efforts by holders of US court judgments to obtain compensation ...
US weighs seizing Iranian assets to rebuild Gulf states hit by Tehran's attacks - The Economic Times
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 ...
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