PNN – Reuters reported that the United Arab Emirates is considering releasing billions of dollars in frozen Iranian assets, a claim that could affect economic and financial relations between the two countries.
According to the report of Pakistan News Network; Four sources familiar with the matter claimed that the UAE, in a tactical shift in approach and after siding with the US and Israeli aggression against Iran, has agreed to release billions of dollars in Iranian assets.
News of the alleged decision comes as reports emerge of broader talks between Tehran and Washington on ending the war, which government officials say could include the release of tens of billions of dollars in Iranian oil revenues frozen in foreign banks under US sanctions.
The news agency, citing two regional sources, claimed that the UAE has agreed to release a total of $10 billion in Iranian assets, more than $3 billion of which has already been handed over to Iran.
Two other sources put the total amount of Iranian assets to be released at $20 billion, adding that the move was agreed in exchange for Iran halting its attacks on the UAE.
Iran has said that regional countries have helped the US in its aggressive attacks on Iran by providing its territory to the US military, and that Iran has the right to target the source of any aggression.
Reuters reported that it was unclear whether the funds earmarked for Iran belonged to the UAE or came from long-frozen Iranian accounts in the country’s banking system or elsewhere.
But an unnamed Emirati official claimed that the country was trying to reduce tensions and promote peace.
The official said that the UAE’s foreign policy is guided by promoting a reduction in tensions and conflicts across the region and advancing lasting peace and stability. The UAE supports efforts, including those made by the United States, to protect the people of the region from the consequences of conflict.
Another source, Reuters reported, claimed that in return for the payment, Iran would stop missile and drone attacks on the UAE and that bilateral relations, including information exchange and economic cooperation, would be restored.
The source added that Iran has been in talks with at least two other Gulf Arab states to reach a similar agreement.
US President Donald Trump claimed on Friday on the Truth Social Network that the terms Iran provided to the “fake news media” had nothing to do with the terms that were agreed upon in writing.
He claimed that what they have said, including their weak and pathetic statement about the agreement, has nothing to do with reality. There is no such thing as negotiating in good faith with them.
Seyyed Abbas Araqchi, the Foreign Minister of the Islamic Republic of Iran, also wrote on the social network X on Friday: The Islamabad Memorandum of Understanding has never been this close to being finalized. Until it is completed and finalized, the media should refrain from speculating about its content.
Araqchi emphasized: In line with our responsible and transparent approach, all details will be shared with the public at the appropriate time.
After that, Trump reposted Araqchi’s message on his social network Truth Social.