US plans to allow Iranian assets to be used for rebuilding in Gulf states

The United States plans to allow Iranian assets to be used to support rebuilding in Gulf countries impacted by future Iranian attacks, according to a source familiar with Treasury Secretary Scott Bessent’s thinking.

The Treasury Department will also consider using Iranian assets to support repairs for past damage, according to the source who confirmed earlier reporting from Reuters on Saturday.

Bessent’s team will assess conditions in Gulf countries and request estimates of the cost of repairing damage inflicted by Iran since the start of the conflict.

The US plan comes as Tehran has once again targeted Gulf states, with Kuwait and Bahrain recently intercepting ballistic missiles launched from Iran. Several Gulf states have faced repeated Iranian attacks since the US and Israel first launched strikes in February.