🏠 Home Opinion Pieces
🏠

US eyes Iranian assets for Gulf allies' reconstruction, source says

Al Monitor 2026/06/07 02:55

By David Lawder, Eman Abouhassira and Ahmed Elimam

WASHINGTON/DUBAI, June 7 (Reuters) - The U.S. government will attempt to redirect Iranian assets to Gulf states for rebuilding and repairs of future damage caused by Iran, a source familiar with the matter said on Saturday, a day after a wave of attacks by Iran against Kuwait and Bahrain.

U.S. Treasury Secretary Scott Bessent has also directed a team to assess costs for damage already inflicted on Gulf allies by Iran, the source said, adding that the U.S. will consider using Iranian assets for those repairs as well.

Read full story at source (Al Monitor)