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The Economic Times
The Economic Times

US Treasury chief Bessent vows to tap Iran funds for its damage on Gulf allies

Washington: US Treasury Secretary Scott Bessent vowed Thursday to use Iranian funds to pay for damages that the country causes on Gulf allies, warning of sharp economic consequences from Tehran's attacks.

"Any damage it inflicts on our allies in the Gulf will be paid for with funds extracted from Iranian Accounts," Bessent wrote on X.

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