WorldPosted at: Jun 7 2026 7:10PM


US eyes Iranian assets to compensate Gulf allies as diplomacy stalls

Washington, Jun 7 (UNI) The US Treasury Department is weighing a plan that would redirect frozen Iranian assets toward compensating American-aligned Gulf states for damage linked to Iranian military action during the ongoing conflict, a move that, if pursued, would mark one of the more aggressive uses of financial pressure Washington has deployed against Tehran in recent memory.
The plan, reported by CBS News on Saturday, was described by a source familiar with Treasury Secretary Scott Bessent's thinking, and speaks to just how far the Trump administration may be willing to go as diplomacy between the two countries continues to sputter.
At the heart of the effort is a directive that Bessent is likely to issue to Treasury officials: examine every available legal and financial authority to determine how Iranian assets, whether frozen in foreign bank accounts, held as cash reserves, or tied up in physical holdings like oil tankers and other state-linked property, might be legally repurposed and funneled into reconstruction and repair efforts across the Gulf.
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