Refinitiv sources say the UAE has agreed to unfreeze between $10 bln and $20 bln
of Iranian funds after weeks of Iranian strikes on the UAE and amid wider
US–Israel clashes with Iran. One source said the UAE will release $10 bln in
total, with more than $3 bln already delivered; another put the total at $20
bln. The arrangement is reported to be contingent on Iran halting missile and
drone attacks on the UAE; Tehran’s last direct strike on the UAE was May 4.
Sources say the deal includes restoring bilateral relations, including
intelligence-sharing and economic cooperation, and that Iran has approached at
least two other Gulf Arab states about similar arrangements. Officials framed
the move as a way for Iran to claim wartime compensation while allowing
Washington to assert it made no payments and for the UAE to secure its safety
and protect Dubai’s hub status.
