Iran Assets to Fund Gulf Ally Recovery, Treasury Source Says

The U.S. Treasury Department plans to use Iranian assets to help American allies in the Gulf region recover from damage caused by Tehran's regime, a source familiar with Treasury Secretary Scott Bessent's thinking told CBS News. The move, confirmed by the source on condition of anonymity, aims to offset costs from recent attacks or destabilizing actions linked to Iran. No further details on the asset amount or specific recipients have been released.