US wants to send frozen Iranian assets to Gulf allies – media

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Tehran is demanding access to its funds as part of any lasting peace deal with Washington

The Trump administration is seeking to redirect frozen Iranian assets toward rebuilding energy and other infrastructure damaged by Tehran’s retaliatory strikes in Gulf Arab states hosting US military bases, Bloomberg and CBS News have reported.

The Treasury Department plans to use “all available authorities” to make Iranian assets accessible for rebuilding and repair efforts linked to any future damage caused by Iran, CBS reported on Saturday, citing a source familiar with Treasury Secretary Scott Bessent’s thinking.

Bloomberg reported that Bessent has directed Treasury officials to assess conditions among US allies in the Persian Gulf and request comprehensive estimates for damage inflicted since the start of the conflict. The outlet said the department will also consider whether Iranian assets could be used to cover “past damage,” blamed on Iran-backed groups.

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