U.S. considers Iranian assets for Gulf reconstruction
Iranian assets could fund Gulf reconstruction after strikes, as damage estimates grow See how the U.S. plan may reshape ceasefire talks, oil markets, and regional security
The United States is considering using Iranian assets to help pay for reconstruction and repairs in Gulf states affected by Iranian attacks, according to a source familiar with the matter. The move comes as the conflict between the U.S. and Iran continues to disrupt the region.
Treasury Secretary Scott Bessent has asked a team to estimate the damage caused in allied Gulf countries, including Kuwait and Bahrain. The source said the review could also cover future destruction, not just losses already recorded.
The plan could complicate already fragile ceasefire talks between Washington and Tehran. At the same time, both sides have continued military activity, with U.S. forces striking Iranian radar sites and Iran launching drones and missiles in the Gulf area. The fighting has pushed up oil prices and added to inflation concerns worldwide.