&imwidth=800&imheight=600&format=webp&quality=medium "‘Entirely false and unfounded’: UAE rejects reports on funds transfer to Iran")
The United Arab Emirates on Saturday (Jun 13) firmly rejected media reports claiming that the Gulf nation has agreed to transfer billions of dollars in funds to Iran as part of a security and diplomatic arrangement linked to efforts to end the conflict. In a statement, the UAE Foreign Ministry denied the claims, calling them “false and unfounded”. This comes as tensions remain between the US and Iran despite a ceasefire and ongoing talks.
The ministry added that the statement “affirmed that these allegations are entirely false and unfounded, stressing that no frozen Iranian funds have been released, transferred or facilitated through the UAE.” It did not provide further details.
What did report claim?
This comes after a Reuters report, citing regional sources, claimed that the UAE has agreed to release a total between $10 billion and $20 billion, more than $3 billion of which had already been delivered. It further added that the move was allegedly tied to a broader understanding aimed at reducing regional tensions and preventing further Iranian attacks on the Gulf state. It remained unclear whether the money originated from frozen Iranian assets held in foreign accounts or from other financial mechanisms.
The alleged arrangement emerged as Tehran and Washington reportedly entered the final stages of negotiations aimed at ending the war and addressing sanctions-related issues. Reuters reported that diplomats involved in those discussions have suggested that any future agreement could include the unfreezing of substantial Iranian oil revenues currently held abroad.
According to sources cited in the report, Iran would halt missile and drone attacks on the UAE in exchange for financial relief and a gradual rebuilding of bilateral relations. The discussions were also said to involve economic cooperation and intelligence-sharing measures.
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Disclaimer: WION takes utmost care to accurately and responsibly report ongoing conflicts in West Asia involving Israel, Iran, the US, Gulf nations and non-state actors like Hezbollah, Hamas, Houthis, Islamic State, and others. Claims and counterclaims, disinformation and misinformation are being made online and offline. Given this context, WION cannot independently verify the authenticity of all statements, social media posts, photos and videos.
