Amid ongoing discussions over a possible landmark agreement between Iran and the United States, reports have emerged suggesting the potential release of frozen Iranian assets. According to a Reuters report, the United Arab Emirates (UAE) is allegedly involved in facilitating the release of several billion dollars in suspended Iranian funds.
The report claims that, against the backdrop of rising tensions involving the United States and Israel, indications have surfaced of a strategic financial arrangement aimed at gradually unfreezing hundreds of millions of dollars from Iranian oil revenues held in foreign banks.
Regional sources further allege that the UAE has agreed to release up to $10 billion, with a portion of the funds already returned. However, alternative estimates suggest that the total value of frozen Iranian assets could be as high as $20 billion.
Following the publication of these reports, the United Arab Emirates strongly rejected the claims. In a statement, the country’s Foreign Ministry dismissed the allegations as “baseless” and said that no frozen Iranian funds have been transferred or released through the UAE.
Meanwhile, neither the White House nor Tehran has issued any official comment on the matter. However, a section of the US administration is reportedly of the view that, if a potential agreement is implemented, Iran could receive phased economic relief based on compliance with its commitments.