US reveals what could trigger seizure of Iran’s frozen money
Scott Bessent, US Secretary of the Treasury (Photo: Getty Images)
The US is ready to use frozen Iranian assets to compensate its allies in the Persian Gulf region. This statement was made by US Treasury Secretary Scott Bessent, warning Tehran of inevitable financial retribution for aggression, according to Bloomberg.
Bessent outlined the administration's position on social media platform X, making it clear that Iranian funds are no longer untouchable.
“Any tolls paid to the Persian Gulf Strait Authority will be offset by funds extracted from their accounts," the official said.
Thus, Iran's economy has come under new pressure. Bessent emphasized that aggression will only worsen the country's financial situation.
“Every attack Iran launches will only deepen the economic and financial consequences it faces," the minister added.
What frozen assets are being discussed?
The amount in question is approximately $24 billion. These funds are currently blocked. Tehran is demanding their immediate return.
Iran's demands in negotiations with Trump include:
- Return of all frozen assets;
- Payment of compensation for the consequences of the war;
- An end to financial pressure.
However, the US has a different view of these funds. Instead of returning the money to Tehran, it may be given to the affected countries.
Tehran's reaction
The Iranian leadership has already responded to Washington's threats. Iran's Deputy Foreign Minister Kazem Gharibabadi stated that the US has no right to dispose of this money.
"Iran’s assets are neither Washington’s war spoils nor a fund for paying its allies," Gharibabadi said.
What is happening between the US and Iran
After Tehran shot down an American helicopter with a drone, US President Donald Trump promised to strike Iran in response. However, a few hours later, he postponed the decision, explaining the reason.
Recently, US Vice President J.D. Vance said that Washington is now in a position to conclude a deal that benefits the US both economically and in the long term.
According to the official, the document could be signed either next week or in a few months. But he stressed that it must definitely happen before the US midterm elections.
