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

The U.S. government will attempt to redirect Iranian assets to Gulf states for rebuilding and repairs of future damage caused ​by Iran, a source familiar with the matter said on Saturday, a day after a wave of attacks by Iran against Kuwait and Bahrain, Reuters reported. 

U.S. Treasury Secretary Scott Bessent has also directed a team to assess costs for damage already inflicted on Gulf allies by Iran, the source said, adding that the U.S. will consider using Iranian assets for those repairs as well.