The United States Treasury Department is contemplating the use of frozen Iranian assets to aid Gulf allies, including Saudi Arabia and the UAE, in recovering from damages incurred during the ongoing conflict with Iran. Treasury Secretary Scott Bessent is reportedly evaluating the repair costs that Gulf nations have faced since the war escalated on February 28. The Treasury aims to explore how these assets could be accessed for reconstruction efforts. However, it remains unclear which specific Iranian assets—such as financial reserves, vessels, or properties—would be utilized for this purpose. The situation remains tense, with continued attacks exchanged between the US, backed by Israel, and Iran, including a recent incident where the US Central Command intercepted Iranian drones threatening maritime traffic. Additionally, Iran launched missiles targeting Bahrain and Kuwait, which were intercepted by defense systems, highlighting the ongoing volatility in the region and the urgent need for a resolution to the conflict.