Foreign Relations

Bessent Says Seized Iranian Assets Will Go to Iranian People

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Courtroom-sketch editorial illustration of Scott Bessent speaking across a long conference table during President Donald Trump's Cabinet meeting at Camp David.

U.S. Treasury Secretary Scott Bessent said Washington is searching for Iranian assets worldwide and that recovered money would go to Iranian people, Americans harmed by Iran and parties hit by recent Iranian attacks on shipping. He made the statement during President Donald Trump's cabinet meeting at Camp David on Friday. Bessent said the financial campaign began in March 2025 and linked it to pressure on Iran's banking system and currency. He did not identify specific assets, values, jurisdictions or a distribution timetable.

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