U.S. weighs using frozen Iranian assets for Gulf reconstruction
DAMASCUS, Syria (North Press) – The United States is considering redirecting Iranian assets to help finance reconstruction efforts and compensate Gulf countries for damages caused by recent Iranian attacks, according to a source familiar with the matter cited by Reuters.
The proposal could cover both current and future damages linked to regional hostilities, the source said.
The development comes after Tehran reportedly demanded the release of $24 billion in frozen Iranian assets as a condition for advancing toward a peace agreement with Washington.
The discussions are unfolding amid heightened military tensions between the two countries. U.S. forces recently targeted Iranian radar installations overlooking the Strait of Hormuz after Iranian drones were allegedly detected threatening maritime navigation.
The U.S. military later announced that it had intercepted two additional Iranian drones in the area.
Meanwhile, Iran’s Islamic Revolutionary Guard Corps (IRGC) said it had carried out attacks on U.S. military bases in Kuwait and Bahrain. Kuwaiti authorities reported intercepting seven ballistic missiles that caused material damage but no casualties, while Bahrain activated emergency measures and urged residents to seek shelter.
Washington and Tehran have also exchanged accusations of violating a fragile ceasefire currently in place between the two sides.
Despite ongoing mediation efforts by Pakistan aimed at securing a temporary agreement to halt the three-month conflict, negotiations continue to face significant obstacles, particularly regarding sanctions, frozen Iranian assets, and the future of navigation through the Strait of Hormuz.
The conflict’s regional repercussions have also continued to mount, contributing to higher oil prices and disruptions to global shipping routes, while U.S. President Donald Trump faces growing domestic pressure to bring the war to an end.