The United Arab Emirates has agreed to unlock billions of dollars for Iran, according to sources, in a move seen as part of broader efforts to reduce tensions following weeks of Iranian attacks during the recent US-Israeli conflict with Tehran.
The development comes as negotiations between Iran and the United States enter their final stages, with diplomats indicating that a wider agreement could include the release of tens of billions of dollars in Iranian oil revenues frozen abroad under US sanctions.
Sources said the UAE, which was heavily targeted during the conflict, has not faced any new Iranian strikes in the past month. The last reported direct attack occurred on May 4, when Iran allegedly targeted the port of Fujairah on the Gulf of Oman.
Two regional sources told Reuters that the UAE had agreed to release $10 billion, more than $3 billion of which had already been transferred.
Two other sources familiar with the arrangement said the total amount involved could reach $20 billion, adding that the agreement was linked to a halt in Iranian attacks on the UAE.