US Secretary of Treasury Scott Bessent speaks throughout a press briefing within the Brady Briefing Room of the White Home in Washington, DC, on Could 28, 2026.
Kent Nishimura | Afp | Getty Pictures
The U.S. authorities will try and redirect Iranian property to Gulf states for rebuilding and repairs of future harm brought on by Iran, a supply accustomed to the matter stated on Saturday, a day after a wave of assaults by Iran towards Kuwait and Bahrain.
U.S. Treasury Secretary Scott Bessent has additionally directed a workforce to evaluate the prices of harm already inflicted on Gulf allies by Iran, the supply stated, including that the U.S. will think about using Iranian property to fund these repairs as effectively.
The disclosure got here a day after Mohsen Rezaei, an adviser to Iran’s supreme chief, informed CNN {that a} peace deal hinged on the discharge of $24 billion in Iranian property frozen by the USA.
The supply on Saturday didn’t specify what sort of property the Treasury was analyzing. The language used to explain the brand new measures didn’t seem restricted to frozen property.
Peace negotiations seem to have stalled, though a minister from the mediating Pakistan traveled to Tehran on Saturday with a letter for Iran’s Supreme Chief, Mojtaba Khamenei, Iran’s semi-official ISNA information company reported.
The threatened redirection of Iranian property might create a brand new irritant to a fragile ceasefire between the USA and Iran, which was examined once more this weekend with strikes by the U.S. and Iran.
U.S. forces struck Iranian coastal radar websites in Goruk and Qeshm Island, each within the Strait of Hormuz, early Saturday after capturing down drones launched by Iran that U.S. Central Command says posed a risk to maritime visitors.
Iran’s Revolutionary Guard stated it retaliated towards U.S. bases in Kuwait and Bahrain, and Kuwait’s military stated on Saturday it engaged seven ballistic missiles that handed over residential areas, leading to materials harm however no casualties.
In Bahrain, sirens sounded, and residents have been urged to hunt shelter. Kuwait and Bahrain condemned the strikes.
Pakistani minister lands in Tehran
Iran later stated it had hit U.S. bases in each nations with ballistic missiles, however the U.S. navy stated six missiles have been intercepted and a seventh didn’t attain its goal.
The U.S. and Iran have been engaged in largely oblique negotiations for an interim deal to halt the three-month-old conflict that would go away points together with Iran’s nuclear program to additional negotiations.
However a deal has remained elusive whereas the 2 sides have periodically skirmished.
Tehran needs entry to billions of {dollars} in oil income, waivers on sanctions on crude exports, the lifting of a U.S. blockade on its ports and leverage over the Strait of Hormuz. Iran has successfully blocked the waterway, the place a few fifth of world oil visitors transited earlier than the conflict.
Iranian state media reported that Pakistani Inside Minister Mohsin Naqvi arrived in Tehran on Saturday for talks with Iranian officers, together with Overseas Minister Abbas Araqchi. Naqvi stated he was carrying a “particular letter” from his nation’s military chief and prime minister to Iran’s Khamenei, ISNA reported.
U.S. President Donald Trump is going through mounting home political stress as a result of rising fuel costs to deliver the unpopular conflict to an finish. He informed NBC that whereas most of Iran’s drone and missile manufacturing services had been destroyed, the Iranians nonetheless had entry to a few fifth of their missiles.
“They’ve some missiles, they’ve some drones. I’d say percentage-wise, possibly 21% to 22% of their missiles. It is a variety of missiles, but it surely’s not what it was after we first attacked,” Trump informed NBC Information’ “Meet the Press” program, in response to excerpts launched by the community on Friday.
After the U.S. and Israel launched the conflict towards Iran on February 28, Tehran attacked Gulf states internet hosting U.S. bases and largely stopped delivery via the Strait of Hormuz.
The battle has pushed up oil costs and disrupted provide chains for different items, together with humanitarian help.
Combating flares throughout area regardless of ceasefires
In a parallel battle in Lebanon, two Lebanese military officers and a soldier have been killed in an Israeli strike on a navy car in south Lebanon, the Lebanese military stated. The Israeli navy stated it was investigating the incident.
Iran has made a ceasefire in Lebanon between Israel and Iran-aligned Hezbollah a situation for any peace take care of Washington.
Lebanon’s military stated on Saturday its commander, Basic Rudolf Haykal, left for Pakistan on the invitation of his Pakistani counterpart, with out giving additional particulars.
The shock go to was notable given Washington’s insistence — and that of Lebanese leaders, together with the president — that ceasefire talks for Lebanon stay separate from U.S.-Iran negotiations mediated by Pakistan.
Hezbollah chief Naim Qassem this week rejected a U.S.-brokered pact between Israel and the Lebanese authorities to halt the combating in Lebanon. The deal didn’t present for an Israeli withdrawal and Hezbollah had not been get together to the negotiations.
Israel has stated its forces wouldn’t withdraw or halt operations within the nation amid growing friction with the U.S.
