UAE to unlock frozen Iranian funds amid US ceasefire push
Key takeaways
- Sources tell Reuters news agency UAE releasing funds to ease tensions with Iran, allow both sides to avoid ‘red lines’.
- The report on the move coincided with the final stages of broader negotiations between Tehran and Washington to end the war.
- Two regional sources told Reuters that the UAE had agreed to release a total of $10bn, more than $3bn of which had already been delivered.
Why this matters: an international story with cross-border implications worth tracking.
Sources tell Reuters news agency UAE releasing funds to ease tensions with Iran, allow both sides to avoid ‘red lines’.
xwhatsapp-strokecopylinkgoogle Add Al Jazeera on Googleinfo The Burj Khalifa is seen in downtown Dubai, United Arab Emirates [Mohammed Salem/Reuters]By Reuters Published On 12 Jun 202612 Jun 2026The 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 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.