Gulf Insider
Treasury Secretary Scott Bessent is reportedly pursuing a pathway to repurpose Iranian assets to compensate Amerca’s Gulf allies which have suffered significant damage due to Iran’s attacks in the wake of Trump’s Operation Epic Fury. Over eighty oil, gas, and vital infrastructure facilities across the Gulf have been hit – with most of the attacks having occurred in March and April – with one recent report estimating up to $58 billion in damage. Iran has sought to justify these attacks as ‘retaliation’ for these Gulf countries hosting American bases during the US unprovoked assault on the Islamic Republic. “Treasury will utilize all tools available to allow Iranian assets to be made available to our Gulf allies to support rebuilding and repairs for any future damage caused by Iran,” a US official told ABC’s Senior White House correspondent Selina Wang over the weekend. “The Secretary has also directed his team to assess conditions amongst our Gulf allies and request comprehensive estimates of the costs associated with repairing damage Iran has inflicted since the start of the conflict,” the source continued. “Treasury will further consider whether Iranian assets could be used to support repairs for past damages,” it added, per the ABC […]
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