Treasury to Use $100B in Frozen Iranian Assets to Offset Economic Damages, Bessent Warns on June 6

According to ABC, on June 6, Treasury Secretary Scott Bessent warned that Iran will face escalating economic consequences if it continues attacks on U.S. Gulf allies, with the U.S. potentially using over $100 billion in frozen Iranian assets to repair damages. Bessent stated on social media that any attack would "deepen the economic and financial consequences" Iran faces, with toll payments through the Strait of Hormuz—including payments made in USDT stablecoin—to be offset by funds extracted from Iranian accounts.

In May, Bessent disclosed the U.S. Treasury had seized approximately $1 billion in Iranian-linked cryptocurrency assets under Operation Economic Fury. Reports indicate sanctions have frozen over $100 billion in Iranian assets globally.