US Threatens to Tap Frozen Iranian Funds for Gulf Damages as Strait Tolls Loom
Updated
Updated · Bloomberg · Jun 11
US Threatens to Tap Frozen Iranian Funds for Gulf Damages as Strait Tolls Loom
3 articles · Updated · Bloomberg · Jun 11
Summary
Scott Bessent said Thursday the US would use frozen Iranian assets to cover any damage Iran causes to US allies in the Gulf.
Bessent added that any tolls paid to the Persian Gulf Strait Authority would be offset by money extracted from those Iranian accounts.
The warning ties potential maritime costs in the Gulf directly to Iranian state funds, signaling a US plan to make Tehran bear the financial burden of any disruption.