Iran secures access to at least $10 billion in frozen assets as part of a deal to halt attacks on the UAE, with $3 billion already delivered.
The United Arab Emirates has unfrozen at least $10 billion in Iranian funds, with an initial $3 billion already transferred. The agreement reportedly involves a total of $20 billion in exchange for Iran halting attacks on the UAE, though details remain unconfirmed by officials.
The funds were likely previously earmarked for Iran but locked in UAE banks. The move follows Iran’s outreach to other Gulf Arab nations for similar arrangements, suggesting a broader effort to release frozen assets without direct U.S. involvement.
The development contrasts with past U.S. criticism of financial settlements with Iran, including a $1.7 billion payment in 2016. Markets may monitor geopolitical risks as Iran gains access to substantial liquidity.