U.S. Weighs Using Frozen Iranian Assets to Repair Gulf Allies After Tehran Attacks
AI Summary
The United States is exploring ways to redirect frozen Iranian assets to Gulf states for rebuilding and repairs following recent Iranian missile and drone attacks on Kuwait, Bahrain, and other regional allies. Treasury Secretary Scott Bessent has ordered assessments of damage costs sustained by Gulf partners, and the proposal emerges amid ongoing diplomatic negotiations regarding a U.S.-Iran peace agreement, in which Tehran has demanded release of approximately $24 billion in frozen funds.
The Trump administration is weighing a plan to use frozen Iranian assets to help rebuild Gulf allies damaged by Tehran's missile and drone attacks. The consideration comes even as Iranian officials demand the release of billions of dollars in those same funds as a condition for any broader agreement with Washington.
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