The U.S. government will attempt to redirect Iranian assets to Gulf states for rebuilding and repairs of future damage ‌caused by Iran, a source familiar with the matter said on Saturday (June 6, 2026), a day after a wave of attacks by ​Iran against Kuwait and Bahrain.

U.S. Treasury Secretary Scott Bessent has also directed a team to assess costs for damage already ⁠inflicted on Gulf allies by Iran, the source said, adding that the U.S. will consider using Iranian assets for those repairs as well.

The disclosure came a day after Mohsen Rezaei, an adviser to Iran’s supreme leader, told CNN that a peace deal hinged on the release of $24 billion in Iranian assets frozen by the United States.

The ‌source on Saturday (June 6, 2026) did not specify what kind of assets the Treasury was examining. The language used to describe the new measures did not appear limited to frozen assets.

Peace negotiations appear to have stalled, although a minister from mediator Pakistan traveled ‌to Tehran on Saturday (June 6, 2026) with a letter for Iran’s Supreme Leader Mojtaba Khamenei, Iran’s semi-official ISNA news agency reported.

The threatened redirection of Iranian ‌assets ⁠could create a new irritant to a fragile ceasefire between the United States and Iran, which was tested again this weekend ⁠with strikes by the U.S. and Iran.

U.S. forces struck Iranian coastal radar sites in Goruk and Qeshm Island, both in the Strait of Hormuz, early on Saturday (June 6, 2026) after shooting down drones launched by Iran that U.S. Central Command says posed a threat to maritime traffic.

Iran’s Revolutionary Guard said it retaliated against U.S. bases in Kuwait and Bahrain, and Kuwait’s army said ​on Saturday (June 6, 2026) it engaged seven ballistic missiles that passed over residential areas, ‌resulting in material damage but no casualties.

In Bahrain, sirens sounded and residents were urged to seek shelter. Kuwait and Bahrain condemned the strikes.

Pakistani Minister lands in Tehran

Iran later said it had hit U.S. bases in both countries with ballistic missiles, but the U.S. military said six missiles were intercepted and a seventh did not reach its target. The U.S. and Iran have been engaged in largely indirect negotiations for ‌an interim deal to halt the three-month-old war that would leave issues including Iran’s nuclear programme to further negotiations.

But a deal has ​remained elusive while the two sides have periodically skirmished.

Tehran wants access to billions of dollars in oil revenue, waivers on sanctions on crude exports, the lifting of a U.S. blockade on its ports and leverage over the Strait of Hormuz. Iran ⁠has effectively blocked the waterway, where about a fifth of global oil traffic transited before the war.

Iranian state media reported that Pakistani Interior Minister Mohsin Naqvi arrived in Tehran on Saturday (June 6, 2026) for talks with Iranian officials, including Foreign Minister Abbas Araqchi. Naqvi said he was carrying a “special letter” from his country’s army ‌chief and prime minister to Iran’s Khamenei, ISNA reported. Trump is facing mounting domestic political pressure due to rising gas prices to bring the unpopular war to an end. He told NBC that while most of Iran’s drone and missile manufacturing facilities had been destroyed, the Iranians still had access to about a fifth of their missiles.

“They have some missiles, they have some drones. I would say percentage wise, maybe 21% to 22% of their missiles. It’s a lot of missiles, but it’s not what it was when we first attacked,” Mr. Trump told NBC News’ “Meet the Press” program, according to excerpts released by the network on Friday.

After the U.S. and Israel launched the war against Iran on February 28, Tehran attacked Gulf states hosting U.S. bases ‌and largely stopped shipping through the Strait of Hormuz. The conflict has driven up oil prices and disrupted supply chains for other goods, including humanitarian aid.

Fighting flares across region despite ceasefires

In a parallel conflict in Lebanon, two Lebanese army officers and a soldier were killed in an Israeli strike on a military vehicle in south Lebanon, the Lebanese army said. The Israeli military said it was investigating the incident. Iran has ⁠made a ceasefire in Lebanon between Israel and Iran-aligned Hezbollah a condition for any peace deal with Washington.

Lebanon’s Army said on Saturday (June 6, 2026) its commander, General Rudolf Haykal, ⁠left for Pakistan at the invitation of his Pakistani counterpart, without giving further details.

The surprise visit was notable given the insistence by Washington — and by Lebanese leaders, including the president — that ceasefire talks for Lebanon remain separate from U.S.-Iran negotiations mediated by Pakistan. Hezbollah leader ‌Naim Qassem this week rejected a U.S.-brokered pact between Israel and the Lebanese government to halt the fighting in Lebanon. The deal did not provide for an Israeli withdrawal and Hezbollah had not been party to the negotiations. Israel has said its forces would not withdraw or ​halt operations in the country amid increasing friction with the U.S.

Published – June 07, 2026 06:47 am IST

U.S. President Donald Trump said he hoped allies would send warships to secure the vital Strait of ​Hormuz while Iran urged people to evacuate three ports in the United Arab Emirates as its war with the United States and Israel showed no signs of ending.

Iran’s call to evacuate West Asia’s busiest port and two other UAE ports marked the first time it had openly threatened a neighbouring country’s non-U.S. assets.

Iran-Israel war: Follow LIVE updates on March 15, 2026

Tehran said the U.S. had used “ports, docks and hideouts” in the UAE to launch strikes on Kharg Island, home to the main terminal handling Iran’s oil exports, without providing evidence. It urged people to leave areas where it said U.S. forces were sheltering.

Meanwhile, Lebanon’s humanitarian crisis deepened, with over 800 people killed and 8,50,000 displaced as Israel launched waves of strikes against Iran-backed Hezbollah militants.

Iran’s Foreign Minister, Abbas Araghchi, said the U.S. attacked Kharg Island and Abu Musa Island from two locations in the UAE, Ras Al-Khaimah and a place “very close to Dubai,” calling that dangerous and saying Iran “will try to be careful not to attack any populated area” there.

U.S. Central Command said it had no response to Iran’s claim. A diplomatic adviser to the UAE’s president, Anwar Gargash, said on social media the country has the right to defend itself but “still prioritises reason and logic, and continues exercising restraint.”

Also read| Tracking ship attacks in the Strait of Hormuz and the Gulf: Timeline

Iran has fired hundreds of missiles and drones at Arab Gulf neighbors during the war, but it has said it was targeting U.S. assets, even as hits or attempts were reported on civilian ones such as airports and oil fields.

Mr. Araghchi said the Strait of Hormuz was closed only to “those who are attacking us and their allies.”

As global anxiety soars over oil prices and supplies, Mr. Trump said Saturday (March 14, 2026) that he hopes China, France, Japan, South Korea, the U.K. and others send warships to keep the Strait of Hormuz “open and safe.” Britain in response said it was discussing with allies a “range of options” to secure shipping.

Mr. Araghchi, in a social media post, urged neighbours to “expel foreign aggressors” and described Mr. Trump’s call as “begging.”

On Saturday (March 14, 2026), Iran’s joint military command reiterated its threat to attack U.S.-linked “oil, economic and energy infrastructures” in the region if the Islamic Republic’s oil infrastructure is hit.

Iran’s semiofficial Fars news agency said the Kharg Island strikes caused no damage to oil infrastructure. It said they targeted an air defence facility, a naval base, the airport control tower and an offshore oil company’s helicopter hangar.

The U.S. Department of Defense on Saturday (March 14, 2026) identified six service members who died when the military refuelling aircraft they were aboard crashed Thursday (March 12, 2026) while supporting operations against Iran.

The service members were Maj. John A. Klinner, 33; Capt. Ariana G. Savino, 31; Tech. Sgt. Ashley B. Pruitt, 34; Capt. Seth R. Koval, 38; Capt. Curtis J. Angst, 30; and Tech. Sgt. Tyler H. Simmons, 28, according to U.S. officials.

The crash in western Iraq followed an unspecified incident involving two aircraft in “friendly airspace,” according to U.S. Central Command. The other plane landed safety.

A missile struck a helipad inside the U.S. Embassy compound in Baghdad on Saturday (March 14, 2026). No one immediately claimed responsibility for the attack. The embassy complex, one of the largest U.S. diplomatic facilities in the world, has been repeatedly targeted by rockets and drones fired by Iran-aligned militias.

The State Department again warned citizens in Iraq to leave “now,” and by land since commercial flights were not available. It noted that Iran and Iran-aligned militia groups “may continue to target” U.S. citizens, interests and infrastructure.

Published – March 15, 2026 11:25 am IST

Smoke rises from the direction of an energy installation in the Gulf emirate of Fujairah on March 14, 2026. Smoke could be seen rising from the direction of a major UAE energy installation on March 14, in what appeared to be the latest strike targeting the Gulf’s petroleum facilities hours after the U.S. struck Iran’s Kharg Island.
| Photo Credit: AFP

Iran launched missiles and drones across the Gulf for a fourth day in retaliation for U.S.-Israeli strikes. File
| Photo Credit: Reuters