Bessent says Iranian funds will cover Gulf damage

Sky News and NDTV Profit reported that U.S. Treasury Secretary Scott Bessent said damage to Gulf allies and any Persian Gulf Strait Authority Hormuz tolls would be offset from Iranian accounts. The warning extends the confrontation into frozen-asset and transit-fee enforcement while talks still revolve around sanctions relief.

Why this matters. This collides with the reported frozen-funds diplomacy track: Washington is saying the same pool of Iranian money can become compensation or toll-offset leverage. Watch for Treasury legal authorities, Gulf damage claims, and Iranian retaliation against financial pressure.