US eyes Iranian assets for Gulf allies’ reconstruction, source says

The source on Saturday did not specify what kind of assets the Treasury was examining. The language used to describe the new measures did not appear limited to frozen assets.

The US government will attempt to redirect ​Iranian assets to Gulf states for rebuilding and repairs of damage caused by Iran, a source familiar with the matter said, as Tehran followed up a wave of strikes ‌against Kuwait and Bahrain with further drone launches.