US Plans to Use Frozen Iranian Assets to Fund Persian Gulf Recovery Efforts

The US is planning to authorize the use of frozen Iranian financial assets to fund reconstruction and recovery efforts in Persian Gulf nations affected by Tehran’s military strikes. Sources familiar with the position of US Treasury Secretary Scott Bessent confirmed that the agency is assessing damage estimates to compensate for both past and future Iranian aggression. The move comes amid a dangerous escalation in regional hostilities, highlighted by recent interceptions of Iranian ballistic missiles over Kuwait and Bahrain.