Reuters reports UAE agreed to unlock billions for Iran, but Abu Dhabi swiftly issued a categorical denial.
The United Arab Emirates has agreed to unlock billions of dollars for Iran, pursuing a tactical shift after weeks of Iranian attacks on the wealthy Gulf Arab state amid its ongoing war with the United States and Israel, four sources told the Reuters news agency.
The exclusive report on the move coincided with the final stages of broader negotiations between Tehran and Washington to end the war. Diplomats say those talks involve the release of tens of billions of dollars in Iranian oil revenues frozen in foreign banks under US sanctions.
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Source: https://www.aljazeera.com/news/2026/6/12/uae-to-unlock-frozen-iranian-funds-amid-us-ceasefire-push?fbclid=IwY2xjawSmTolleHRuA2FlbQIxMQBzcnRjBmFwcF9pZBAyMjIwMzkxNzg4MjAwODkyAAEeIiZar6ioLtDv7lRGWR__QCTf17BvwGE-C1c_1c19RSLuxxvfOLMAJ5EPduE_aem_A0rWNS_3f-KNzhK5hgb5GA
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