US to make Iranian assets available for repairs in Gulf states that were damaged in Iranian 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.