The Trump administration is weighing a plan to use frozen Iranian assets to help rebuild Gulf allies damaged by Tehran’s missile and drone attacks. The consideration comes even as Iranian officials demand the release of billions of dollars in those same funds as a condition for any broader agreement with Washington.
The proposal, revealed Saturday by multiple outlets citing sources familiar with Treasury Secretary Scott Bessent’s efforts, comes as Washington and Tehran remain locked in sensitive negotiations over a proposed framework that would extend the current ceasefire and launch broader talks over Iran’s nuclear program.
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