UAE
\nThe United Arab Emirates has reportedly agreed to unlock billions of dollars for Iran, a major pivot after weeks of Iranian attacks on the wealthy Gulf Arab state during the US-Israeli war with the Islamic Republic.
\nWhile this major move coincides with the closing period of broader negotiations between Tehran and Washington on ending the war that diplomats say official payout could involve the release of tens of billions of dollars in frozen Iranian oil revenues.
\nThe UAE statement reads: \u201cAffirmed that these allegations are entirely false and unfounded, stressing that no frozen Iranian funds have been released, transferred or facilitated through the UAE.\u201d
\nVice President JD Vance said on Friday that the funds will be withheld to Iran upon signing a deal with the US, that the proposed agreement is arranged to ensure that economic benefits will flow to Tehran if it honors its commitments.
\nThe arrangement marks a radical realignment from the open hostility of UAE-Iran relations through much of the geopolitical tensions, when Iranian attacks prompted expats to evacuate and shattered the safety record that is so pivotal to the country\u2019s position as a major business hub.
\nAccording to the sources, Iran would cease drone attacks on the UAE, adding that there would be a process of restoring diplomatic relations sharing and economic cooperation.
\nThe UAE-Iranian agreement involves Dubai, the Emirates\u2019 prominent commercial hub and a long-standing established financial safety net for Tehran. <\/p>\n","protected":false},"excerpt":{"rendered":"
UAE The United Arab Emirates has reportedly agreed to unlock billions of dollars for Iran, a major pivot after weeks of Iranian attacks on the wealthy Gulf Arab state during the US-Israeli war with the Islamic Republic. While this major move coincides with the closing period of broader negotiations between Tehran and Washington on ending […]<\/p>\n","protected":false},"author":2,"featured_media":551166,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-551155","post","type-post","status-publish","format-standard","has-post-thumbnail","category-world"],"yoast_head":"\n