Mon 3 Aug 2026
FTSE 100 10,849.84 +0.63%Microsoft 489.99 +25.93%NVIDIA 199.64 +1.59%Apple 307.45 -8.75%Google 373.38 +14.33%S&P 500 7,548.40 +1.82%Nasdaq 25,619.88 +2.76%Dow 53,140.31 +1.78%Russell 2000 2,949.28 +0.04%US 10Y Treasury 4.69% +1.82%Euro Stoxx 50 6,415.61 +2.00%DAX 26,000.88 +2.52%AEX-Index 1,099.63 +0.65%Nikkei 225 63,754.90 +2.23%Hang Seng 26,009.40 +3.18%Gold $4,088.10 +1.32%Silver $57.12 -1.28%Brent Crude Oil $82.75 -8.81%Natural Gas $2.76 +1.39%Copper $6.47 +3.09%GBP/USD 1.3452 +1.22%GBP/EUR 1.1664 -0.21%GBP/AUD 1.9245 +1.18%Bitcoin (USD) $63,085 -2.53%Ethereum (USD) $1,853 -3.38%FTSE 100 10,849.84 +0.63%Microsoft 489.99 +25.93%NVIDIA 199.64 +1.59%Apple 307.45 -8.75%Google 373.38 +14.33%S&P 500 7,548.40 +1.82%Nasdaq 25,619.88 +2.76%Dow 53,140.31 +1.78%Russell 2000 2,949.28 +0.04%US 10Y Treasury 4.69% +1.82%Euro Stoxx 50 6,415.61 +2.00%DAX 26,000.88 +2.52%AEX-Index 1,099.63 +0.65%Nikkei 225 63,754.90 +2.23%Hang Seng 26,009.40 +3.18%Gold $4,088.10 +1.32%Silver $57.12 -1.28%Brent Crude Oil $82.75 -8.81%Natural Gas $2.76 +1.39%Copper $6.47 +3.09%GBP/USD 1.3452 +1.22%GBP/EUR 1.1664 -0.21%GBP/AUD 1.9245 +1.18%Bitcoin (USD) $63,085 -2.53%Ethereum (USD) $1,853 -3.38%
Markets
Advertisement
Follow News in 60 on Facebook
UK Weather
London 32°C SunnyBirmingham 29°C Partly CloudyManchester 28°C SunnyNewcastle 18°C Partly CloudyBristol 30°C SunnyPembroke 21°C Partly CloudyEdinburgh 17°C Patchy rain nearbyBelfast 19°C SunnyInverness 14°C Light rainPenzance 21°C SunnyHolyhead 21°C Partly CloudyNorwich 27°C Sunny
More Info

US Plans to Use Frozen Iranian Assets for Gulf Reconstruction

Advertisement
Follow News in 60 on Facebook

The United States is reportedly considering reallocating frozen Iranian assets to assist Gulf allies with reconstruction efforts following damage from Iranian attacks. This move, if executed, could significantly impact the already fragile relations between the US and Iran, as it may be perceived as a breach of trust in ongoing negotiations.

US Treasury Secretary Scott Bessent has initiated a comprehensive assessment of the damage incurred by Gulf states since the escalation of conflict on February 28. The Treasury aims to ensure that any funds or assets used for reconstruction are effectively allocated to cover both past and potential future damages.

This strategy could alter the dynamics of US-Iran relations, as Iranian officials have long demanded the release of their frozen assets as a condition for any agreements. The potential unfreezing of these funds could diminish US leverage in negotiations, complicating the already stalled talks between the two nations.

As the US engages with Gulf allies to evaluate the scale of damage, the implications of this decision could extend beyond financial reparations, potentially reshaping regional alliances and the geopolitical landscape in the Middle East.

Source: Euronews

Read more Money news →

News Category: Money Tags: assets, gulf, iran, reconstruction, us

Leave a comment

Your email address will not be published. Required fields are marked *