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Reports: Washington could tap into Iran's frozen billions to pay for Gulf attack damage
The Iranian assets Washington is considering reallocating could include frozen funds, along with ships previously seized by the United States. The United States is considering reallocating Iranian assets to support its allies in the Gulf region with reconstruction efforts and compensation for damage resulting from Iranian attacks, according to a Reuters report. US Treasury Secretary Scott Bessent has reportedly tasked a specialised team with drawing up a comprehensive assessment of the cost...
Iran and US report new wave of air strikes in Gulf
Washington and Tehran targeted each other's military facilities around the Strait of Hormuz.
Iran and US report new wave of air strikes in Gulf
Washington and Tehran targeted each other's military facilities around the Strait of Hormuz.
Iran peace deal at risk? US considers redirecting Iranian assets to Gulf states
The US administration is attempting to redirect Iranian assets to Gulf states for rebuilding and repairing damage caused by Iran following a wave of missile and drone strikes against Kuwait and Bahrain. US Treasury Secretary Scott Bessent has directed a team to assess the cost of damage already inflicted on America's Gulf allies, with Washington also considering the use of Iranian assets to fund repairs for any future destruction linked to the conflict, Reuters reported. The announcement...
Iran says it will ‘not hesitate’ to defend itself after latest clashes
Iran says it will ‘not hesitate’ to defend itself after latest clashes Iran says it will ‘not hesitate’ to defend itself after latest clashes Iran’s Foreign Ministry spokesperson said overnight clashes in the Gulf between Tehran and Washington showed how Iran will respond to the enemy with strength and power. Published On 10 Jun 2026
Mojtaba Khamenei touts new anti-US alliance as Gulf backchannels seep into Tehran: analyst
Iran's supreme leader has launched a sweeping counteroffensive against President Donald Trump, attempting to rally Middle Eastern nations into an anti-American alliance, an analyst warned Sunday. The aggressive maneuvering came hours after Trump pitched an expansion of the Abraham Accords, as an analyst said Tehran is seeking to position itself as the region’s "new sheriff" while forcing Gulf states with backchannels to Iran to choose between Washington’s security umbrella and a "New Islamic...
Iranian drone hits Kuwait’s main airport after US strikes Qeshm Island
Iranian drone hits Kuwait’s main airport after US strikes Qeshm Island Clashes continue as diplomacy between Washington and Tehran shows little progress. Clashes in the Gulf region have escalated, with diplomacy showing little progress, as Bahrain and Kuwait report attacks by Iran, while the US military announces “self-defence” strikes on Iran’s Qeshm Island. According to Kuwait’s state news agency KUNA, the country’s international airport was hit by drones and missiles on Wednesday morning,...
Can Iran rebuild trust with its Gulf neighbors?
Can Iran rebuild trust with its Gulf neighbors? June 1, 2026Since the beginning of the Iran war, Gulf countries have absorbed thousands of Iranian missile and drones, with Tehran taking aim at targets including US military bases and civilian energy infrastructure. On Monday, Kuwait said its air defenses were fending off a missile and drone barrage after the US said it had targeted radar and drone sites in southern Iran.
'Hostile missiles, drones intercepted': Kuwait, Bahrain come under Iranian attack; watch
Iran launched ballistic missiles and drones toward Kuwait and Bahrain on Saturday, prompting air defence responses in both Gulf nations and further straining a fragile ceasefire between Tehran and Washington. Bahrain's government said Iranian missiles and drones targeting Bahrain and Kuwait were successfully intercepted and called on Tehran to immediately halt attacks against its Gulf neighbours, the Associated Press reported. The attacks came hours after the US military said it had...
US eyes Iranian assets for Gulf allies' reconstruction, source says
US eyes Iranian assets for Gulf allies' reconstruction, source says US Treasury Secretary Scott Bessent has directed a team to assess costs for damages already inflicted on Gulf allies by Iran, the source said. 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. US Treasury Secretary...