Report: UAE Agrees to Unfreeze Billions of Dollars for Iran

Odaily Planet Daily News According to a report by Reuters, sources say that amid the US-Israel conflict with Iran, and after weeks of Iranian attacks on the UAE, the UAE has agreed to unfreeze billions of dollars for Iran. The UAE has agreed to release a total of $10 billion in funds, of which over $3 billion has already been delivered. Another source stated that the total amount involved is $20 billion, and this move was agreed upon on the condition that Iran ceases its attacks on the UAE. The last direct attack by Iran on the UAE was on May 4. Sources say that this action by the UAE provides a way to help resolve the conflict between the US and Iran without pushing either side past its red lines: Iran can claim it secured compensation for war damages, Washington can insist it paid no money, and the UAE has protected its own security and maintained Dubai's status as a hub, all while packaging the move as an investment in rebuilding regional trust. In exchange, Iran will halt missile and drone strikes on the UAE, and both sides will work to rebuild bilateral relations, including intelligence sharing and economic cooperation. The source added that Iran has approached at least two other Gulf Arab states with similar arrangements.