Treasury Department Seeks to Redirect Iranian Assets to Gulf Nations for War Damages

U.S. Treasury Secretary Scott Bessent has assigned a team to investigate the costs of the damages, a department official said.

The Treasury Department building is pictured at dusk in Washington, on June 6, 2019. Patrick Semansky/AP Photo

The U.S. government will attempt to redirect Iranian assets under its control to Gulf states to cover damages sustained during the three-month war, a Treasury Department official confirmed on June 6 following another round of attacks by Iran against Kuwait and Bahrain.

The official also confirmed to The Epoch Times that U.S. Treasury Secretary Scott Bessent has assigned a team to look into the costs of the damages inflicted by the Iranian regime on Gulf neighbors during the war. The plan was first reported by Reuters.