US treasury department may use Iranian assets to pay for damages to Gulf allies: Report

Naijaonpoint_ng | 07-06-2026 06:31pm |

The United States Treasury Department is reportedly considering utilizing Iranian assets to compensate Gulf allies for damages incurred during ongoing conflicts. This development comes amid Tehran's persistent demands for the unfreezing of its assets as part of negotiations aimed at achieving a peace deal. Scott Bessent has allegedly urged the Treasury Department to conduct a thorough assessment of these assets, indicating a potential shift in strategy regarding their use.

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