Washington, DC – US Treasury Secretary Scott Bisent confirmed that the United States will use funds from frozen Iranian accounts to compensate Gulf states for any damages resulting from what he termed “Iranian attacks.”
The role of the Treasury is central in overseeing these funds.
He indicated that any fees collected from ships passing through the Strait of Hormuz will
also be processed through these frozen Iranian accounts according to regulations set by the Treasury.
A financial mechanism to respond to the escalation
The US Minister explained, in statements published on the “X” platform, that any damage to Washington’s allies
in the Gulf region will be compensated by financial compensation from Iranian assets frozen in the United States managed by the Treasury.
This comes within the framework of a policy aimed at increasing economic pressure on Tehran.
He added that revenues or fees associated with the passage of ships in the Strait of Hormuz would,
in turn, be subject to compensation from the frozen Iranian funds.
This is if it is used or imposed during the coming period based on Treasury procedures.
Intensifying economic pressures
Bisent indicated that any attack launched by Iran would only exacerbate
what he described as the economic and financial consequences it faces.
This was a reference to the continuation of the policy of financial pressure on Tehran
as part of the US sanctions regime. In short, the Treasury plays a pivotal role in these measures.
These statements come amid escalating tensions in the region and growing concerns
about potential security and economic repercussions on international shipping lanes,
particularly in the Strait of Hormuz, one of the world’s most important oil chokepoints.
Escalating regional repercussions
Observers believe that the use of frozen funds as a compensation tool reflects more stringent trends in managing the Iranian file.
This comes amid mutual escalation between Tehran, Washington and its allies in the region.
This comes at a time when international calls are increasing to contain tension
and prevent the situation from sliding into a broader confrontation.
This confrontation may affect the stability of energy markets and regional and international security.
Additionally, Treasury actions may impact the outcomes of these tensions.
