Treasury Department plans to use Iranian assets to help U.S. Gulf allies recover, source says
The Treasury Department will use Iranian assets to help U.S. Gulf allies recover from damage caused by Tehran's regime during the Iran war, a source familiar with Treasury Secretary Scott Bessent's thinking told CBS News Saturday.
TL;DR
- The Treasury Department plans to use Iranian assets to help U.S. Gulf allies recover from damage caused by Iran.
- Treasury Secretary Scott Bessent is seeking estimates of repair costs from Gulf allies.
- The department is assessing the use of Iranian assets for damage already sustained by Gulf allies.
- It is unclear whether frozen cash or hard assets like oil tankers would be used.
- Iran has insisted on the lifting of sanctions for the release of frozen assets in any deal.
- Iran has conducted missile and drone strikes on Gulf states since late February.