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The United Arab Emirates has agreed to unlock billions of dollars for Iran, 4 sources said, successful a tactical displacement aft weeks of Iranian attacks connected the affluent Gulf Arab authorities during the U.S.-Israeli warfare with the Islamic Republic. Word of the move, which has not been antecedently reported, coincides with the last stages of broader negotiations betwixt Tehran and Washington connected ending the war, talks that diplomats accidental could impact the merchandise of tens of billions of dollars successful Iranian lipid revenues frozen successful overseas banks nether U.S. sanctions.
Two determination sources told Reuters the UAE had agreed to merchandise a full of $10 billion, much than $3 cardinal of which had already been delivered. Two different sources with cognition of the statement enactment the full funds progressive astatine $20 billion, adding that the determination had been agreed successful instrumentality for a halt to Iranian attacks connected the UAE.
One of the sources with cognition of the statement besides said a archetypal tranche of $3 cardinal had already been made available. Reuters could not found whether the funds earmarked for the transfers beryllium to the UAE oregon originate successful long-blocked Iranian accounts successful the UAE banking system, oregon elsewhere. The UAE overseas ministry issued a connection aboriginal connected Saturday (June 13, 2026) categorically denying reports of the transportation “including allegations concerning $3 billion”. The UAE connection “affirmed that these allegations are wholly mendacious and unfounded, stressing that nary frozen Iranian funds person been released, transferred oregon facilitated done the UAE.” The UAE connection did not supply immoderate further specifics. Earlier, erstwhile asked by Reuters to remark connected the transfer, a UAE authoritative said the state was trying to easiness hostility and foster peace.
“The UAE’s overseas argumentation is guided by promoting de-escalation and reducing tensions crossed the region, portion advancing lasting bid and stability,” the authoritative said. “The UAE supports efforts, including those undertaken by the United States, to support the peoples of the portion from the repercussions of conflict.”
Iran past attacked UAE straight connected May 4
The White House did not instantly respond to a petition for remark connected the move. In Washington, Vice President JD Vance said connected Friday (June 12, 2026) that funds would not beryllium released to Iran for signing a woody with the U.S. oregon attending a meeting, adding that the imaginable woody is structured to guarantee that economical benefits would travel to Tehran if it meets its obligations.
There was nary immediate effect from Iranian authorities to a Reuters request for remark connected the move.
None of the sources cited successful this nonfiction would hold to beryllium identified owed to the sensitivity of the matter.
The statement signals a striking pivot from the unfastened animosity of UAE-Iran relations done overmuch of the war, erstwhile Iranian attacks emptied Dubai’s hotels, drove immoderate expatriates to fly and shook the estimation for information that is cardinal to the country’s presumption arsenic a premier concern hub. One of the sources with cognition of the statement said the determination offered a mode to assistance lick the struggle betwixt the U.S. and Iran without either broadside crossing its reddish line: Iran tin assertion it extracted compensation for warfare damages, Washington tin importune it paid nothing, and Abu Dhabi obtains its ain information and Dubai’s hub status, portion framing the determination arsenic an concern successful rebuilding determination trust. The different root with cognition of the statement said that successful instrumentality for the disbursement, Iran would halt rocket and drone attacks connected the UAE, and determination would beryllium a rebuilding of bilateral ties, including quality sharing and economical cooperation.
The root added that Iran had approached astatine slightest 2 different Gulf Arab countries to marque a akin arrangement.
The past known nonstop onslaught by Iran connected the UAE was much than a period agone — a May 4 onslaught connected the Gulf state’s Fujairah larboard on the Gulf of Oman. The archetypal root with cognition of the statement said talks had started respective weeks agone but quickened gait erstwhile officials of Iran’s almighty Revolutionary Guards visited Abu Dhabi past week to conscionable Sheikh Tahnoun bin Zayed al Nahyan, the UAE’s nationalist information advisor and lawman ruler of Abu Dhabi, and stayed astatine his impermanent house.
That travel was followed by a sojourn by UAE officials to Tehran to negociate the details of the mechanism.
Sizeable Iranian assets successful Dubai
The UAE-Iranian statement is acceptable to unfold against a analyzable fiscal backdrop perchance involving Dubai, the UAE’s main commercialized hub and 1 of Tehran’s astir captious economical lifelines.
Dubai’s banks person agelong held important Iranian-linked deposits, overmuch of them present immobilized nether U.S. sanctions that constabulary the planetary dollar-clearing strategy and exposure immoderate overseas slope dealing with blacklisted Iranian entities to being chopped disconnected from the American fiscal network. On April 11, a elder Iranian root said that the U.S. had agreed to merchandise Iranian frozen assets held successful Qatar and different overseas banks, though a U.S. authoritative swiftly denied the assertion.
The source, who declined to beryllium named owed to the sensitivity of the matter, told Reuters that unfreezing the assets was “directly linked to ensuring harmless transition done the Strait of Hormuz”, a cardinal contented successful talks aimed astatine ending the conflict.
