UAE Agrees to Release $10-20 Billion to Iran, With Initial $3 Billion Transferred

According to Reuters on June 13, citing multiple sources, the United Arab Emirates has agreed to release $10 billion to $20 billion to Iran, with the first tranche of over $3 billion already transferred. The arrangement occurs in parallel with U.S.-Iran peace negotiations, and Iran has pledged to halt missile and drone attacks on the UAE while supporting the restoration of intelligence sharing and economic cooperation. The funding source remains unclear; authorities are investigating whether the assets originate from UAE reserves or previously frozen Iranian funds held in UAE or other regional banking systems.
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