UAE Said to Release Billions of Frozen Iranian Funds

The United Arab Emirates has reportedly agreed to unlock billions of dollars in frozen Iranian assets in exchange for a halt to Iranian attacks, according to multiple sources, marking a significant tactical shift after weeks of hostilities. The arrangement, which sources say involves between $10 billion and $20 billion, coincides with the final stages of broader negotiations between the United States and Iran aimed at ending their ongoing conflict.

According to the sources, a first tranche of at least $3 billion has already been delivered. In return, Iran has halted its missile and drone attacks on the UAE, with the last known direct strike occurring on May 4 against the port of Fujairah. The UAE was the most frequently targeted nation by Iran during the war, with attacks damaging Dubai's reputation as a safe business hub and prompting some expatriates to leave.

The UAE's Foreign Ministry issued a strong denial, calling the report entirely false and unfounded. However, when asked about the alleged transfer, a UAE official did not confirm or deny it, instead stating the country's foreign policy is guided by promoting de-escalation and advancing lasting peace and stability. The...