US EditionU.A.E. Explores Freezing Iranian Assets to Punish Tehran for Attacks
The UAE may freeze billions in Iranian assets and target shadow companies to disrupt Tehran's foreign currency access amid rising Gulf regional tensions, officials said.
- On Thursday, the United Arab Emirates is weighing freezing billions of dollars of Iranian assets held in the Gulf state, a step the Wall Street Journal said could curb Tehran's access to foreign currency and global trade.
- UAE officials have privately warned Iran while discussing options, following coordinated strikes by the United States and Israel on Saturday that prompted Tehran's missile retaliation.
- UAE authorities are weighing measures including freezing UAE-based shadow companies, cracking down on local currency exchanges, and targeting Islamic Revolutionary Guard Corps accounts, while policymakers consider seizing Iranian vessels, two officials said.
- Reuters could not immediately confirm the WSJ report, and the Emirati foreign ministry did not immediately respond to Reuters' request for comment outside business hours.
- Rising incidents and reported measures increase risks to Gulf security and commerce as smoke rose in the Fujairah oil industry zone after debris from an intercepted drone caused a fire.
26 Articles
26 Articles
The country's authorities have already warned Tehran.
WSJ: UAE mulls financial crackdown on Iranian assets after Iran strikes
Dubai-based firms have long funneled billions in covert Iranian oil revenue through accounts tied to the Islamic Revolutionary Guard Corps and other networks. UAE officials are weighing targeted asset freezes and maritime measures while balancing economic fallout and the risk of Tehran retaliation
U.A.E. Weighs Freezing Billions In Iranian Assets Amid Escalating Conflict
by Emmitt Barry, Worthy News Washington D.C. Bureau Chief (Worthy News) – The United Arab Emirates is considering freezing billions of dollars in Iranian assets held within its financial system, a move that could severely restrict one of Tehran’s most important economic lifelines, according to a Wall Street Journal exclusive citing officials familiar with the discussions. The potential action comes as tensions rise following Iranian drone and mi…
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