Treasury Department plans to use Iranian assets to help U.S. Gulf allies recover, source says

[BumRushDaShow]

Source: CBS News

June 6, 2026 / 6:22 PM EDT


The Treasury Department will use Iranian assets to help U.S. Gulf allies recover from damage caused by Tehran's regime during the Iran war, a source familiar with Treasury Secretary Scott Bessent's thinking told CBS News Saturday.

The source said the Treasury intends to utilize all available authorities to make Iranian assets accessible for rebuilding and repair efforts related to any future damage inflicted by Iran.

Bessent has also directed the Treasury to seek comprehensive estimates from Gulf allies of the costs associated with repairing damage caused by Iran since the conflict began, the source said.

The Treasury will also further evaluate whether Iranian assets could be used to help finance repairs for damage already sustained by Gulf allies during the conflict, the source added. It is unclear which assets would be used to finance rebuilding — for example, Iranian cash in frozen bank accounts or hard assets such as oil tankers.

Read more: https://www.cbsnews.com/news/treasury-department-iranian-assets-gulf-allies-recovery/

[cuthbert]

1. The deal requires Reparations

The Iranians are themselves asking for reparations and the return of their frozen assets. Will be interesting to see how this plays out

[oberle]

2. They deserve reparations

for the 800 schools and 300 healthcare facilities bombed by the US. These are the counts by Iranian Red Crescent Society. The NYT says 22 schools have been bombed. the WHO says 23 medical facilities have been bombed. That is still unconscionable.

[AloeVera]

7. And the equivalent of their MIT and Harvard.

Now why would all that knowledge and research be destroyed, for what possible reason?

Literally bombing them back to the Stone Age.

And now the US, the agressor, is stealing from the Iranian people, turning law on its head once again.

[BootinUp]

3. And if you believe that...

[KPN]

8. My thought exactly. US taxpayers will pay

while seized assets take s circuitous route ultimately to …

[Ritabert]

4. Never happen. They need to bleed the US taxpayer of all assets.

Just like the ballroom, the rose garden patio, the Tidy-bowl reflecting pool, the gilded horses near the Lincoln Memorial, the Arc de Trump, etc. it's coming out of our pockets.

And when they invade Cuba we'll end up paying to rebuild their infrastructure after a 65 year embargo caused the collapse of said infrastructure.

[Farmer-Rick]

5. Yeah right

The money is going into pedo Trump's pockets. Just like Venezuelan's oil tankers and American taxes. It's all about the grift.

[Hugin]

6. All carts no horses.

Pathetic.

[NickB79]

9. So the Strait is gonna remain closed then, it seems

Iran's two conditions they will not budge on are financial: return frozen assets, and get fees for transiting ships.

Meanwhile, the SPR will hit critical levels by the 4th of July and oil prices will skyrocket without that buffer.

[SidneyR]

10. Iran was ILLEGALLY attacked by the US, a rogue state.

And therefore all reparations are due to Iran.

[Wonder Why]

11. and Mexico is paying for the wall. Pffft!

[nuxvomica]

12. Whenever money is on the move with this crowd

It's likely to end up in only one place.