US considers using frozen Iranian assets to compensate Gulf allies

The United States is reportedly exploring options to utilize frozen Iranian assets to provide financial compensation to its Gulf allies. According to the Financial Times, US Treasury official Scott Bessent is examining plans that would direct these funds towards the reconstruction efforts in Gulf nations that have sustained damage from actions attributed to Tehran. This initiative is seen as an attempt by Washington to mitigate the broader impacts of regional conflicts on its partners in the Middle East. The move aims to address the financial repercussions faced by these countries, reinforcing US commitment to their security and stability in the region.

Sources: Financial Times