US eyes Iranian assets for Gulf reconstruction - sources
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 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. ...