Story perspectives

Treasury Evaluates Frozen Iranian Assets Amid Missile Strikes, Talks

6/12/2026

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Treasury Evaluates Frozen Assets

The Treasury will assess authority to release frozen Iranian cash or oil tankers for reconstruction.
Treasury Secretary Scott Bessent ordered the Treasury to gather detailed damage-cost estimates from Gulf allies.
Since late February, Iran launched missile-drone strikes on Saudi Arabia, UAE, Kuwait, Bahrain, Qatar, Oman.
U.S.–Iran talks remain ongoing, with Tehran insisting deal must lift sanctions and release frozen assets.

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Kushner Gulf Negotiations

Jared Kushner serves simultaneously as chief negotiator for Gulf governments and private-equity investor, prompting conflict-of-interest concerns.
Scott Bessent, Treasury Secretary, ordered the Treasury to gather detailed damage-cost estimates from Gulf allies for Iran-related repairs.
Iran claims the $24 billion frozen assets are its own and seeks immediate release of $12 billion.
Affinity Partners manages $6.2 billion as Gulf states pay Kushner millions, prompting DOJ conflict concerns.

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Treasury Evaluates Frozen Assets

The Treasury will assess authority to release frozen Iranian cash or oil tankers for reconstruction.
Treasury Secretary Scott Bessent ordered the Treasury to gather detailed damage-cost estimates from Gulf allies.
Since late February, Iran launched missile-drone strikes on Saudi Arabia, UAE, Kuwait, Bahrain, Qatar, Oman.
U.S.–Iran talks remain ongoing, with Tehran insisting deal must lift sanctions and release frozen assets.

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