UAE Reportedly Moves to Release Billions in Iranian Funds Amid De-escalation Efforts

UAE Reportedly Moves to Release Billions in Iranian Funds Amid De-escalation Efforts

June 13, 2026

Mintesinot Nigussie

The United Arab Emirates has reportedly agreed to release billions of dollars in Iranian funds as diplomatic efforts between Tehran and Washington advance toward a potential deal involving sanctions relief and frozen oil revenues, according to multiple sources cited by Reuters.

Four sources told Reuters that the UAE has agreed to unlock between 10 billion US dollars and 20 billion US dollars in Iranian assets, in what they described as a tactical shift linked to regional de-escalation efforts following recent conflict dynamics in the Gulf.

Two regional sources cited by Reuters said more than 3 billion US dollars had already been transferred, while another source familiar with the arrangement said a first tranche of 3 billion US dollars had been made available.

The reported arrangement is said to have emerged after weeks of Iranian attacks on the UAE during the U.S.-Israeli war with Iran, with two sources saying the funds release was tied to a halt in such attacks.

The UAE government denied the reports. In a statement carried by Reuters, the foreign ministry said allegations of any transfer of frozen Iranian funds were “entirely false and unfounded,” adding that no assets had been released, transferred or facilitated through the country.

The developments come as Washington and Tehran continue discussions that may include the release of tens of billions of dollars in Iranian oil revenues frozen under US sanctions, according to diplomatic sources cited by Reuters.

US Vice President JD Vance said on Friday that Iran would not receive funds as part of signing a deal or attending meetings, but noted that any potential agreement would be structured so that economic benefits are contingent on Iran meeting its obligations.

The reported financial understanding is unfolding alongside ongoing negotiations aimed at reducing tensions and shaping the terms of a broader diplomatic settlement, according to the sources.