Regional governments, according to Iran's Deputy Foreign Minister Kazem Gharibabadi, are not capable of making reparations demands due to recent reports suggesting US plans to utilize Iranian assets as compensation for war-related damages in allied nations.
Iran's ambassador to the UN, Gharibabadi, clarified on social media platform X that Tehran's assets are not intended as compensation for US-backed nations.
Related ↗British companies halt recruitment amid Iran conflict impact, REC research indicates.A source close to the situation revealed to on Saturday that the US plans to utilize Iranian assets in the Gulf region to aid allies in post-conflict reconstruction efforts and prevent potential future damage from Iran.
According to the source, US consideration extends beyond compensation, with potential use of assets also earmarked for repairing past damages. A team led by US Treasury Secretary Scott Bessent is tasked with calculating the financial burden inflicted on Gulf nations by Iran's actions.
Read next ↗Tate & Lyle accepts a £2.7 billion all-cash acquisition from Ingredion.Iran's military actions during the conflict included launching missiles and drones against multiple Gulf states, ostensibly aiming at U.S. and Israeli assets in the area.
Iran initiated a missile attack on US bases in Kuwait and Bahrain on Saturday. The US military confirmed that six out of seven projectiles were successfully intercepted, with one failing to hit its mark. Kuwait suffered material damage without any fatalities, while Bahrain advised its citizens to take shelter from the potential threat.
A recent study by Rystad Energy warns that the Middle East conflict may incur substantial expenses, potentially reaching up to $58 billion, mainly for repairing energy-related infrastructure damaged during the crisis.
Iran's representative Gharibabadi warned that unauthorized use of Iranian assets would trigger new international wrongdoing, placing the US at fault despite Washington's claims of seeking dialogue and cooperation with Tehran. This move could provoke a measured reaction from Iran, which has not specified its response.
The United States and Iran are engaged in negotiations to resolve their conflict, with Tehran seeking access to some of its frozen assets as part of a proposed agreement.
Iran's Gharibabadi accused certain regional governments of using their territories as tools for aggression, rendering them ineligible to claim compensation from Tehran. These governments are now expected to cover the full extent of damages incurred by Iran.
Iran is insisting on several key concessions before bringing an end to the conflict, including the unfreezing of vast sums of money held abroad and the removal of economic restrictions imposed by both the US and the global community.
