Key facts
- Sources claim the UAE agreed to release up to $20 billion to Iran.
- More than $3 billion may have already been delivered, according to some sources.
- The alleged move is reportedly in exchange for a halt to Iranian attacks on the UAE.
- The UAE foreign ministry has categorically denied all reports of fund transfers.
- The UAE stated that no frozen Iranian funds have been released or facilitated through the country.
Sources have indicated that the United Arab Emirates has agreed to unlock billions of dollars for Iran, a move described as a tactical shift following weeks of Iranian attacks during the ongoing U.S.-Israeli conflict. The reported arrangement aims to de-escalate tensions and coincides with broader negotiations between Tehran and Washington concerning the war's end, which could involve the release of tens of billions in frozen Iranian oil revenues.