UAE to unlock frozen Iranian funds amid US ceasefire push

Author: ReutersPublished on: June 12, 2026Country: United Arab Emirates
PoliticsBusiness & EconomyWorld / International
UAE to unlock frozen Iranian funds amid US ceasefire push

The United Arab Emirates has agreed to unlock billions of dollars for Iran, following weeks of Iranian attacks on the Gulf state, as ceasefire talks between Tehran and Washington enter final stages. Sources say the UAE agreed to release $10-20 billion, with over $3 billion already delivered, in exchange for a halt to Iranian attacks. A UAE official said the country aims to ease tensions and foster peace.

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