The United States is considering using seized Iranian assets to compensate Gulf allies for damages caused by Iranian attacks. A source familiar with the matter revealed that US Treasury Secretary Steven Mnuchin has directed an assessment of the financial damages incurred by Gulf allies due to Iran's attacks. Washington is also considering using Iranian assets to repair future damages caused by Iran.
This consideration comes amid ongoing tensions between the US and Iran. Despite a fragile ceasefire, both sides have continued to exchange attacks. Peace talks have stalled, and mediation efforts by Pakistan have so far yielded little progress. The US Central Command has accused Iran of launching drones that posed a threat to international maritime traffic, while Iran has claimed responsibility for attacks on US bases in Kuwait and Bahrain.
Iran has long demanded the release of its seized assets as a condition for ending the conflict. The US seized Iranian assets worth billions of dollars following the 1979 Islamic Revolution, and these assets have remained frozen despite intermittent efforts to release them. The recent prisoner exchange between the US and Iran has brought the issue of seized assets back into the spotlight.
