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

5Mind. The Meme Platform

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

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.

The official added that the department will also look at a mechanism to redirect money from Iranian assets to pay for any future damage caused by Iran amid ongoing negotiations to end the conflict, as the United States demands that Iran hand over its nuclear materials as part of the peace deal.

Earlier on June 5, Mohsen Rezaei, an adviser to Iran’s supreme leader, told CNN that, on the Iran side, the peace deal hinges on the release of $24 billion in Iranian assets frozen by the United States. Concrete details of the negotiations and their success remain scarce.

Iran’s semi-official ISNA news agency reported on June 6 that a Pakistani minister traveled to Tehran that day with a letter for Iranian Supreme Leader Mojtaba Khamenei. Pakistan has been mediating talks between Tehran and Washington.

Despite the tentative ceasefire announced in April, Iran has continued to target the U.S. forces enforcing a blockade of Iranian ports as well as commercial vessels trying to pass through the Strait of Hormuz.

Early Saturday, in response to what U.S. Central Command said posed a threat to maritime traffic, U.S. forces struck four Iranian drones and surveillance radar sites in Goruk and Qeshm Island in the Strait of Hormuz.

Iran’s Revolutionary Guard also fired missiles and drones at Kuwait and Bahrain, saying it was targeting U.S. bases.

Kuwait’s army reported intercepting seven ballistic missiles that passed over residential areas. In Bahrain, sirens sounded and residents were urged to seek shelter as forces intercepted three missiles and several drones. Kuwait and ‌Bahrain condemned the strikes.

By Melanie Sun

Read Full Article on TheEpochTimes.com

Contact Your Elected Officials
The Epoch Times
The Epoch Timeshttps://www.theepochtimes.com/
Tired of biased news? The Epoch Times is truthful, factual news that other media outlets don't report. No spin. No agenda. Just honest journalism like it used to be.
00:02:22

Young Washington: Movie Review

Sitting in the theater watching Young Washington, I found myself wondering why this story hadn’t been made into a film sooner.
00:02:08

A Movie That’ll Keep You Awake: A Great Awakening

So how does someone (me) who thinks they’ve just seen the greatest movie ever (A Great Awakening), persuade you to watch it?

Ring That Bell

If I could travel back in time to 1776,...

Thoughts On America 250

Before you, American reader, is the honor, blessing, and privilege of celebrating the 250th anniversary of our nation. A nation toward which God has been merciful, shining His great grace.
00:01:39

Citizen Vigilante Delivers the Warning Western Governments Desperately Need to Hear

Citizen Vigilante shows what happens when the state stops defending the native population and shields favored migrant groups while criminalizing native dissent.

Judge Temporarily Pauses Trump Trust Financial Disclosures to BBC

A federal judge temporarily paused an order requiring Trump to give financial information to the BBC as part of his $10 billion defamation lawsuit.

US Appeals Court Blocks Trump White House Ballroom Construction

A U.S. appeals court panel blocked President Trump’s construction of the White House ballroom on the site of the White House’s demolished East Wing.
00:02:24

Judge Rules Trump Admin Can End Temporary Protected Status for Haitians

The federal court order states that temporary protected status...

US Economy Unexpectedly Loses 23,000 Jobs in July

The U.S. labor market stalled last month as the economy unexpectedly lost jobs, new government data show.

Trump Signs Orders to Curb Birthright Citizenship, Target Birth Tourism

President Trump signed two EOs that will restrict automatic citizenship to ​children born in the US because of commercial birth tourism and several other factors.
00:01:20

Blanche Nomination Advances to Senate Floor Vote

The Senate Judiciary Committee on Aug. 3 advanced the nomination of Todd Blanche as U.S. attorney general after he struck a deal with two GOP holdouts.
00:02:00

Clayton to Become Top US Intelligence Official on Monday

Jay Clayton will take over as director of national intelligence (DNI) on Monday, according to a social media post by acting director Bill Pulte.
00:57:09

Trump Imposes 4-Year Tariff-Rate Quota on Quartz Surface Imports

President Donald Trump on Friday signed a proclamation establishing a four-year tariff-rate quota on imports of quartz surface products.
spot_img

Related Articles

Popular Categories

MAGA Business Central