Report: UAE Agrees to Release Billions in Frozen Iranian Funds in Exchange for Halt to Attacks

UAE Reportedly Releases Frozen Iranian Assets

According to Reuters, citing informed sources, the United Arab Emirates has agreed to release billions of dollars in frozen Iranian funds in exchange for Iran halting missile and drone attacks targeting the Gulf state.

Sources said the agreement involves approximately $10 billion in Iranian assets. More than $3 billion has reportedly already been transferred. Another source familiar with the matter claimed the total amount involved could be as high as $20 billion.

Security Arrangement Between Abu Dhabi and Tehran

The reported understanding was reached after Iran agreed to stop missile and drone attacks directed at the UAE. According to the sources, Iran's last direct attack against the Emirates took place on May 4.

The arrangement is seen as part of broader efforts to reduce tensions and prevent further escalation in the Gulf region.

Regional Stability and Economic Cooperation

Sources said Emirati officials view the agreement as a way to strengthen national security, protect Dubai's position as a major regional business and transportation hub, and contribute to easing tensions between the United States and Iran.

The two countries are also reportedly exploring steps to restore bilateral relations, including expanded intelligence coordination and economic cooperation.

The details of the reported agreement have not been officially confirmed by either government.