From the Liveblog of
Thursday, June 11, 2026
US Treasury chief vows to use Iranian funds to pay for Gulf damage, offset Hormuz tolls
Add ToI as a Preferred Source on GoogleUS Treasury Secretary Scott Bessent is vowing to use Iranian funds to pay for damages that the country causes to Gulf allies of the US, 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 writes on X.
The Iranian regime will lose the zero-sum game it is playing.
Any damage it inflicts on our allies in the Gulf will be paid for with funds extracted from Iranian Accounts.
Any tolls paid to the Persian Gulf Strait Authority will be offset by funds extracted from their accounts.…
— Treasury Secretary Scott Bessent (@SecScottBessent) June 11, 2026
He also adds that “any tolls paid to the Persian Gulf Strait Authority will be offset by funds extracted from their accounts.”
The Times of Israel Community.