Sunday 7 June 2026
FTSE 100 10,368.05 +0.35%S&P 500 7,383.74 -2.25%Nasdaq 25,709.43 -4.26%Dow 50,866.78 +0.35%Nikkei 225 66,588.12 -1.31%Gold $4,365.30 +0.65%Silver 69.10 +0.23%Brent Crude Oil $93.09 0.00%Dollar Index 100.07 +0.00%GBP/USD 1.3337 -0.67%GBP/EUR 1.1576 +0.10%Bitcoin (USD) $62,691 +3.00%Ethereum (USD) 1,631.90 +4.02%FTSE 100 10,368.05 +0.35%S&P 500 7,383.74 -2.25%Nasdaq 25,709.43 -4.26%Dow 50,866.78 +0.35%Nikkei 225 66,588.12 -1.31%Gold $4,365.30 +0.65%Silver 69.10 +0.23%Brent Crude Oil $93.09 0.00%Dollar Index 100.07 +0.00%GBP/USD 1.3337 -0.67%GBP/EUR 1.1576 +0.10%Bitcoin (USD) $62,691 +3.00%Ethereum (USD) 1,631.90 +4.02%
Advertisement
Advertise at News in 60
UK Weather
London 18°C Partly cloudyBirmingham 17°C Partly cloudyManchester 16°C CloudyNewcastle 17°C OvercastCardiff 17°C Partly cloudyEdinburgh 15°C Partly cloudyBelfast 17°C Overcast

US Plans to Use Frozen Iranian Assets for Gulf Reconstruction

Advertisement
Advertise at News in 60

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

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

Leave a comment

Your email address will not be published.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