Treasury Department to Utilize Iranian Assets for Gulf Allies' Recovery Efforts
The U.S. Treasury Department plans to use Iranian assets to aid Gulf allies in recovering from damages inflicted by Iran during the ongoing conflict. According to a source familiar with Treasury Secretary Scott Bessent's strategy, the department intends to leverage all available authorities to make Iranian assets accessible for rebuilding and repair efforts. This initiative comes amid indirect peace talks between the U.S. and Iran, where Tehran has demanded the lifting of sanctions to release billions of dollars in frozen assets. Since the conflict began in late February, Iran has conducted missile and drone strikes on Gulf states, including Saudi Arabia, the UAE, Kuwait, Bahrain, Qatar, and Oman. 
