The UAE has reportedly agreed to release up to $20 billion to Iran, with the first tranche of over $3 billion already received.

BlockBeats News, June 13th, according to Reuters citing multiple sources, the UAE has agreed to release $100 billion to $200 billion to Iran, with the first installment of over $30 billion reportedly already in place. Sources said that this arrangement is progressing in parallel with the US-Iran conflict resolution negotiations, with Iran pledging to cease missile and drone attacks on the UAE and to promote intelligence sharing and economic cooperation.

The source of the funds has not been clearly identified, and it is currently uncertain whether the funds are from the UAE itself or from Iranian assets long frozen in the UAE banking system or elsewhere. UAE officials responded by stating that the country is committed to easing regional tensions and supporting all parties, including the US, in promoting peace and stability.

Informants indicated that senior Iranian Revolutionary Guard officials visited Abu Dhabi last week and held talks with UAE National Security Advisor Sheikh Tahnoun bin Zayed, after which UAE officials traveled to Tehran to finalize the specific mechanisms. Iran has also made similar proposals to at least two other Gulf countries.

Analysts believe that this arrangement may provide a compromise for both the US and Iran: Iran can see it as compensation for the war damages without the US directly providing financial support, while the UAE may secure stability for its own security and the status of Dubai as an international business hub.

The report noted that the Dubai banking system has long held a significant amount of deposits and assets related to Iran, with most of these assets frozen under US sanctions. Earlier, Iranian sources had claimed that the US had agreed to unfreeze some of the Iranian assets held in Qatar and other countries' banks, but US officials later denied these claims.