🇺🇸❌🇮🇷 U.S. wants to transfer Iran's frozen assets to GCC countries to compensate for the damage caused by the U.S.

US Treasury secretary Scott Bessent is weighing plans to use Iranian assets to pay for the rebuilding of Gulf countries hit by retaliation from Tehran, in a bid to limit the war’s fallout on American allies in the Middle East.

Bessent’s push comes after continued attacks on America’s closest allies in the Gulf, including Kuwait and Bahrain, prompted US forces to strike Iranian targets despite the fragile ceasefire between Washington and Tehran.

Relations between the US and its top Gulf allies have been strained by the extended conflict and de facto closure of the Strait of Hormuz, the vital waterway for oil and gas shipments in and out of the region.

“Treasury will utilise all tools available to allow Iranian assets to be made available to our Gulf allies to support rebuilding and repairs for any future damage caused by Iran,” a senior Trump administration official told the FT on Saturday.

The official added that Bessent had “directed his team to assess conditions among our Gulf allies and request comprehensive estimates of the costs associated with repairing damage Iran has inflicted since the start of the conflict”.

“Treasury will further consider whether Iranian assets could be used to support repairs for past damages,” said the official.

The idea of using Iran’s assets — including up to $100bn in frozen funds held across a range of countries overseas — to pay for rebuilding the Gulf comes as Iran and the US have debated whether to release some of that money back to Tehran as part of any peace deal.

🔗 https://www.ft.com/content/d19bd87f-2673-40e8-9216-8529d80b42aa

⚡️🇺🇸🇮🇱🇮🇷 — President Trump asked Israeli Prime Minister Benjamin Netanyahu not to respond to Iran’s recent missile attack and to allow several more days for negotiations on a potential agreement with Tehran, according to N12 citing a senior U.S. official and an Israeli source familiar with the call.

➡️ The U.S. official said Trump told Netanyahu Washington was “close to a deal,” while Netanyahu expressed reservations but ultimately appeared to accept the request.

➡️ U.S. officials reportedly believe the conversation bought additional time for diplomacy and assess that an Israeli strike is unlikely in the immediate term as negotiations continue.

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🇮🇱❌🇮🇷 — Hebrew media sources are reporting that Prime Minister Netanyahu told President Trump that Israel will launch a major attack against Iran, and that Trump warned him against this action and said the US would not participate.

It is worth noting that, in the past, both Hebrew and American media outlets have fabricated reports of rifts between the two leaders as part of a deception campaign in direct collaboration with the American and Israeli governments.

@GeoPWatch