Reports indicate that the UAE has agreed to release billions of dollars in frozen funds for Iran

According to a report from Reuters, citing sources, during the conflict between the US and Israel with Iran, and after weeks of Iranian attacks on the UAE, the UAE has agreed to release billions of dollars in frozen funds for Iran. The UAE has agreed to release a total of $10 billion, of which over $3 billion has already been delivered. Another source stated that the total amount of funds involved is $20 billion, and this move was agreed upon on the condition that Iran ceases its attacks on the UAE. Iran's last direct attack on the UAE was on May 4th. Sources say that this move by the UAE provides a way to help resolve the conflict between the US and Iran without either side crossing its own red lines: Iran can claim to have secured compensation for its war losses, Washington can insist that it has not paid any funds, and the UAE has ensured its own security, maintained Dubai's status as a hub, and packaged this step as an investment in rebuilding regional trust. In exchange, Iran will halt missile and drone attacks on the UAE, and both sides will rebuild bilateral relations, including intelligence sharing and economic cooperation. Sources added that Iran has approached at least two other Gulf Arab states regarding similar arrangements. (Jin Shi)