The United States is considering redirecting Iranian assets to help Gulf countries repair damage caused by recent attacks, according to a source familiar with the matter, as tensions between Washington and Tehran continue despite ongoing diplomatic efforts.
Heatwave Alert Issued Across Pakistan Until June 12
The source said US Treasury Secretary Scott Bessent has instructed officials to assess the costs of damage suffered by Gulf allies following Iranian strikes. Furthermore, the administration is reportedly examining options to use Iranian assets for reconstruction and future repair efforts if additional attacks occur.
Asset Dispute Adds Pressure to Fragile Ceasefire
The development comes one day after Iranian official Mohsen Rezaei said a potential peace agreement would require the release of approximately $24 billion in Iranian assets frozen by the United States.
However, the reported US plan could create new obstacles for already fragile negotiations between the two countries.
Officials have not disclosed the exact type of Iranian assets under review. Nevertheless, sources indicated that the proposed measures may extend beyond currently frozen funds.
Peace Talks Show Little Progress
Meanwhile, diplomatic efforts to end the three-month conflict continue to face significant challenges.
Pakistan’s Interior Minister Mohsin Naqvi travelled to Tehran carrying messages from Pakistan’s leadership for senior Iranian officials. According to Iranian media reports, the visit focused on regional stability and diplomatic engagement.
Despite these efforts, negotiations between Washington and Tehran have shown limited progress in recent weeks.
Military Tensions Continue in the Gulf
At the same time, military activity in the region remains a major concern.
US Central Command said American forces targeted Iranian coastal radar facilities in Goruk and Qeshm Island after intercepting drones that allegedly threatened maritime traffic in the Strait of Hormuz.
Later, US forces reportedly shot down two additional drones near the strategic waterway.
In response, Iran’s Revolutionary Guards announced strikes targeting US military facilities in Kuwait and Bahrain.
Kuwaiti authorities said air defence systems intercepted several missiles that crossed residential areas. Although the incident caused material damage, officials reported no casualties.
Similarly, Bahrain activated emergency sirens and urged residents to seek shelter during the incident.
Oil Market Remains Under Pressure
The ongoing conflict continues to affect global energy markets.
Iran has sought greater access to oil revenues, sanctions relief, and increased influence over shipping routes in the Strait of Hormuz. The waterway remains one of the world’s most important energy corridors.
Consequently, disruptions in the region have contributed to higher oil prices and renewed inflation concerns in several economies.
Meanwhile, OPEC+ members are expected to discuss another increase in oil production targets. However, regional instability continues to limit output growth for some producers.
Regional Security Concerns Persist
Security concerns also extend beyond the Gulf.
Israel’s military reported intercepting two projectiles launched from Lebanon on Sunday. The incident followed reports that an Israeli strike in southern Lebanon killed members of the Lebanese armed forces a day earlier.
As a result, fears of wider regional escalation remain high.
While diplomatic channels remain open, both military developments and disputes over Iranian assets continue to complicate efforts to reach a lasting agreement between Washington and Tehran.
