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UAE to unlock billions of dollars for Iran, sources say
The agreement includes an initial $3 billion transfer and is tied to Iran halting missile and drone attacks, sources said.
- The United Arab Emirates agreed to unlock billions for Iran to halt missile and drone attacks, with sources reporting a first tranche of $3 billion already released and total deals potentially reaching $20 billion.
- Iranian missile and drone strikes previously damaged the UAE's business-hub status and safety reputation, prompting this financial shift after the last direct attack on May 4 at the Fujairah port on the Gulf.
- Officials from the Revolutionary Guards visited Abu Dhabi last week to meet Sheikh Tahnoun, the UAE's national security adviser, accelerating talks to negotiate the transfer mechanism and rebuild bilateral ties.
- Tehran has approached at least two other Gulf Arab countries to make similar financial deals, signaling a tactical effort to leverage relief across the region to stabilize Iran's domestic economy.
- Vice President Vance stated on Friday that funds would not be released for deals with the U.S., while Dubai banks face regulatory hurdles under American sanctions complicating transfer execution.
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UAE paid Iran $3B, agreed to release $10B more to halt attacks
·Iran (Islamic Republic of)
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UAE to unlock billions of dollars for Iran, sources say
The United Arab Emirates has agreed to unlock billions of dollars for Iran, four sources said, in a tactical shift after weeks of Iranian attacks on the wealthy Gulf Arab state during the U.S.-Israeli war with the Islamic Republic.
·New York, United States
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The United Arab Emirates has agreed to release billions of dollars to Iran, four sources said, in a tactical shift after weeks of Iranian attacks on the wealthy Gulf Arab state… Billions of dollars from Emirates to Iran released in US deal - ΙΝΑΦΤΕΜΟΠΟΡΙΚΙ
Coverage Details
Total News Sources15
Leaning Left3Leaning Right6Center4Last UpdatedBias Distribution46% Right
Bias Distribution
- 46% of the sources lean Right
46% Right
L 23%
C 31%
R 46%
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