The United States Treasury Department is preparing a strategy to utilise Iranian assets to facilitate the recovery of Gulf allies from damage caused by the Tehran regime.
A source familiar with Treasury Secretary Scott Bessent shared these details on Saturday, reports CBS News.
The department intends to exercise all available authorities to unlock these assets for rebuilding efforts and repairs necessitated by “future damage inflicted by Iran”.
Furthermore, Secretary Bessent has instructed the Treasury to request detailed cost estimates from partners in the Gulf regarding the destruction witnessed since the conflict’s inception.
Officials are also investigating whether Iranian wealth can legally cover the costs of repairs for damage already sustained during the ongoing hostilities.
It remains uncertain which specific assets—ranging from billions in frozen bank accounts to physical property like oil tankers—the Treasury will eventually seize for this reconstruction programme.
These developments unfold against a backdrop of indirect peace discussions between Washington and Tehran.
During these talks, the Iranian government has demanded the removal of sanctions to secure the release of billions of dollars in frozen assets held overseas.
Since the outbreak of war in late February, Iran has carried out sporadic drone and missile strikes against Saudi Arabia, the United Arab Emirates, Kuwait, Bahrain, Qatar, and Oman.
