U.S. eyes Iranian assets for Gulf alliesâ reconstruction, source says
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
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 (June 6, 2026), a day after a wave of attacks by âIran against Kuwait and Bahrain. U.S. Treasury Secretary Scott Bessent has also directed a team to assess costs for damage already â inflicted on Gulf allies by Iran, the source said, adding that the U.S. will consider using Iranian assets for those repairs as well. The disclosure came a day after Mohsen Rezaei, an adviser to Iranâs supreme leader, told CNN that a peace deal hinged on the release of $24 billion in Iranian assets frozen by the United States. The source on Saturday (June 6, 2026) did not specify what kind of assets the Treasury was examining. The language used to describe the new measures did not appear limited to frozen assets. Peace negotiations appear to have stalled, although a minister from mediator Pakistan traveled to Tehran on Saturday (June 6, 2026) with a letter for Iranâs Supreme Leader Mojtaba Khamenei, Iranâs semi-official ISNA news agency reported. The threatened redirection of Iranian assets â could create a new irritant to a fragile ceasefire between the United States and Iran, which was tested again this weekend â with strikes by the U.S. and Iran.
U.S. forces struck Iranian coastal radar sites in Goruk and Qeshm Island, both in the Strait of Hormuz, early on Saturday (June 6, 2026) after shooting down drones launched by Iran that U.S. Central Command says posed a threat to maritime traffic. Iranâs Revolutionary Guard said it retaliated against U.S. bases in Kuwait and Bahrain, and Kuwaitâs army said âon Saturday (June 6, 2026) it engaged seven ballistic missiles that passed over residential areas, resulting in material damage but no casualties. In Bahrain, sirens sounded and residents were urged to seek shelter. Kuwait and Bahrain condemned the strikes. Pakistani Minister lands in Tehran Iran later said it had hit U.S. bases in both countries with ballistic missiles, but the U.S. military said six missiles were intercepted and a seventh did not reach its target. The U.S. and Iran have been engaged in largely indirect negotiations for an interim deal to halt the three-month-old war that would leave issues including Iranâs nuclear programme to further negotiations. But a deal has âremained elusive while the two sides have periodically skirmished. Tehran wants access to billions of dollars in oil revenue, waivers on sanctions on crude exports, the lifting of a U.S. blockade on its ports and leverage over the Strait of Hormuz.
The BriefWire