Exclusive: UAE to unlock billions of dollars for Iran, sources say

[BumRushDaShow]

Source: Reuters

June 12, 2026 2:12 PM EDT Updated 19 mins ago


DUBAI/LONDON, June 12 (Reuters) - The United Arab Emirates has agreed to unlock billions of dollars for Iran, four sources ​said, in a tactical shift after weeks of Iranian attacks on the wealthy Gulf Arab state during the U.S.-Israeli war with the Islamic Republic.

Word of the move, which has not been previously ‌reported, coincides with the final stages of broader negotiations between Tehran and Washington on ending the war, talks that diplomats say could involve the release of tens of billions of dollars in Iranian oil revenues frozen in foreign banks under U.S. sanctions.

Two regional sources told Reuters the UAE had agreed to release a total of $10 billion, more than $3 billion of which had already been delivered. Two other sources with knowledge of the arrangement put the total funds involved at $20 billion, adding that the move had been agreed in return for a ​halt to Iranian attacks on the UAE.

One of the sources with knowledge of the arrangement also said a first tranche of $3 billion had already been made available. Reuters could not establish whether the funds ​earmarked for the transfers belong to the UAE or originate in long-blocked Iranian accounts in the UAE banking system, or elsewhere.

Read more: https://www.reuters.com/world/middle-east/uae-unlock-billions-dollars-iran-sources-say-2026-06-12/

[RandySF]

1. A plane full of money.

[cachukis]

2. Peeling the onion.

[bluestarone]

3. UAE is getting involved in lots of shit. i CANNOT believe America is for sale to these dirty bastards.

That's how i see this happening. UAE's money is the DIRTIEST fucking money EVER!! I just want to SCREAM!!

[BumRushDaShow]

4. UAE has spent BILLIONS on attracting wealthy and well-off business types

including building sweeping towers and even an indoor ski resort in what is a desert country with a waterfront. They were trying to compete with Switzerland, Monaco, the French Riviera, and Singapore as a place to do business and play.

Iran's attacks have screwed their carefully cultivated reputation and it was only a matter of time before they would ask "How much?"

[bluestarone]

5. Hell i see their namr (UAE) on Bath and Body products.

I delete every email we get from Bath and Body (UAE) This gripes my ass!

[Wonder Why]

6. Some of these countries think they can buy anything. trump gives them the permission.

[thesquanderer]

7. This may be how Trump gives Iran the money they want.

By facilitating the release of funds through third parties, he can claim that the U.S. didn't give them any money.