The United States will make Iranian assets available to Gulf allies to support rebuilding and repairs for future damage caused by Iran, a source said on Saturday. The U.S. may also use the assets to support repairs for past damages. [Full Story]
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Source: US to Use Iranian Assets to Aid Gulf Allies
Saturday, 06 June 2026 05:29 PM EDT
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.
The source on Saturday did not specify what kind of assets the Treasury was examining.
The language used to describe the new measures did not appear limited to frozen assets.
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READ MORE: https://www.newsmax.com/newsfront/gulf-allies-iran/2026/06/06/id/1258795/
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