US Treasury Secretary Scott Bessent confirmed Wednesday that the Treasury Department will take charge of overseeing the release of frozen Iranian assets once the current conflict concludes.
Speaking on CNBC's "Squawk Box," Bessent outlined the administration's plan to manage the repatriation process directly, ensuring that the funds are handled in accordance with US policy objectives.
The comment marks a significant shift in the administration's approach to the frozen capital, moving from containment to active management of the post-conflict financial landscape.
By asserting Treasury oversight, the administration aims to prevent uncontrolled capital flows that could destabilize regional markets or fund hostile activities.
This development follows recent signals from Bessent that inflationary pressures are likely to recede as geopolitical tensions with Iran ease.
The Treasury Secretary has previously emphasized the need for G7 coordination to target financial networks supporting Iranian activities, suggesting a broader strategy to isolate the regime's financial capabilities while preparing for a structured transition.