$ETH The U.S. May Use Iranian Assets to Compensate Gulf Allies

On June 6, local time, according to sources, U.S. Treasury Secretary Bessent has instructed his team to “assess the situation of Gulf allies and calculate the repair costs for the damage caused by Iran.” The sources said the U.S. plans to use relevant mechanisms to transfer frozen Iranian assets to Gulf allies to fund their “response to potential future damage caused by Iran and carry out reconstruction and repair work.” The U.S. will also consider whether to use Iranian assets “to compensate for past losses.”