UAE denies reports of deal to release billions to Iran amid attack concerns

Reports indicate that Iran and the United Arab Emirates are engaged in behind-the-scenes negotiations that could lead to a significant financial agreement, potentially involving the release of billions of dollars in frozen Iranian oil revenues. These discussions are reportedly occurring concurrently with broader talks between the United States and Iran.

The core of the proposed arrangement appears to be Iran's commitment to cease missile and drone attacks against the UAE. In return, Abu Dhabi might facilitate the release of Iranian assets currently held in foreign financial institutions due to U.S. sanctions. Sources suggest the value of these frozen revenues could range from tens of billions of dollars, with some reports indicating an initial release of up to $3 billion.

“

No frozen Iranian funds have been released, transferred, or facilitated through the UAE.

However, the UAE's Ministry of Foreign Affairs issued a blunt denial on Saturday, refuting all claims of facilitating or releasing frozen Iranian funds. "No frozen Iranian funds have been released, transferred, or facilitated through the UAE," the ministry stated, dismissing reports of a $3 billion transfer as "untrue and unfounded." The ministry emphasized that the UAE remains committed to de-escalation and regional stability.

Despite the UAE's strong rebuttal, the reports of high-level engagement persist. A senior Iranian delegation reportedly visited Abu Dhabi recently for discussions with National Security Advisor Tahnoon bin Zayed Al Nahyan. Following this visit, Emirati officials are said to have traveled to Tehran to finalize the details of the potential agreement.

“

The ministry emphasized that the UAE remains committed to de-escalation and regional stability.