UAE to unlock billions of dollars for Iran, sources say
Yahoo • • general
Key Points:
- The UAE has reportedly agreed to release between $10 billion and $20 billion to Iran, with over $3 billion already delivered, as part of a deal to halt Iranian attacks on the Gulf state amid ongoing U.S.-Iran tensions.
- The UAE government has officially denied these reports, stating no frozen Iranian funds have been released or transferred through the country, emphasizing their commitment to regional de-escalation and peace.
- The arrangement marks a significant shift in UAE-Iran relations, aiming to stop missile and drone attacks on the UAE and promote rebuilding bilateral ties, including intelligence sharing and economic cooperation.
- The deal is linked to broader negotiations between Tehran and Washington on ending the conflict, potentially involving the release of tens of billions in Iranian oil revenues frozen under U.S. sanctions.
- Iranian Revolutionary Guards officials recently met with UAE security leaders in Abu Dhabi, accelerating talks, while Iran has also approached other Gulf Arab countries for similar arrangements.