US treasury department may use Iranian assets to pay for damages to Gulf allies: Report
The US Treasury Department is reportedly exploring the use of frozen Iranian assets to compensate Gulf allies for damages incurred during the ongoing conflict. Treasury Secretary Scott Bessent has requested a comprehensive assessment of repair costs to determine how these assets might be utilized for recovery and reconstruction.
Why it matters
This represents a significant escalation in economic warfare and international policy, potentially altering the financial landscape of the Middle East conflict.
Unfreezing of Iranian assets by the United States has been one of the constant demands of Tehran while negotiating a peace deal to end the ongoing war. However, the US' treasury department seems to have different plans for those assets.
The article reports on potential government policy and international relations, citing sources without taking a moral stance on the legality or ethics of the action.
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