US Reportedly Plans to Use Iranian Assets to Compensate Gulf States for Damages

Iran fired multiple missiles at US allies Bahrain and Kuwait today. Sources say Washington plans to use frozen Iranian assets to fund reconstruction for affected countries. A source said US Treasury Secretary Scott Bessent has instructed a team to conduct damage assessments and is also considering using Iranian assets to compensate for potential future destruction. The source did not specify which Iranian assets the Treasury Department plans to use. According to the description, the Iranian assets the US might use do not appear to be limited to frozen ones. The day before, Mohsen Rezaei, an advisor to Iran's Supreme Leader, told CNN that whether the US and Iran can reach a peace agreement depends on whether the US unfreezes $24 billion in Iranian assets. The US threat to divert Iranian assets adds another variable to the already fragile ceasefire negotiations between the two countries.