< Back to Lunar News JP front page

U.S. eyes Iranian assets for Gulf allies' reconstruction

Original source (on modern site)

An Iranian man walks next to an anti-Israeli mural on a street in Tehran on Saturday. | West Asia News Agency / via REUTERS

WASHINGTON/DUBAI - The U.S. government will attempt to redirect Iranian assets to Gulf states for rebuilding and repairs of future damage caused by Iran, a source familiar with the matter said on Saturday, a day after a wave of attacks by Iran against Kuwait and Bahrain.

U.S. Treasury Secretary Scott Bessent has also directed a team to assess costs for damage already inflicted on Gulf allies by Iran, the source said, adding that the U.S. will ​consider using Iranian assets for those repairs as well.

The disclosure came a day after Mohsen Rezaei, an adviser to Iran's supreme leader, told CNN that a peace ‌deal hinged ‌on the release of $24 billion in Iranian assets frozen by the United States.

In a time of both misinformation and too much information,

quality journalism is more crucial than ever.

By subscribing, you can help us get the story right.

SUBSCRIBE NOW

< Back to Lunar News JP front page

A Lunar Project service. Powered by Mozilla Readability (Andres Rey PHP Port) and SimplePie.