The US Treasury Department is reportedly considering using Iranian assets to help America's Gulf allies recover from losses incurred during the war.
US Treasury Secretary Scott Bessent is exploring avenues to access Iranian assets for recovery and reconstruction in case Tehran causes further damage, according to a source.
The Treasury will also assess the repair costs incurred by US Gulf allies since the war began on February 28 and explore using Iranian assets to make up for damages already sustained.
The frozen Iranian assets in question include financial reserves in banks, vessels, and other properties.
Several Gulf countries hosting US military bases have come under fire from Iran during the war and have sustained heavy losses.
