The United Arab Emirates (UAE) is preparing to unfreeze billions of dollars in Iranian assets as part of a major effort to reduce tensions in the Middle East. This move, agreed upon during negotiations between Tehran and Washington, could become a key element in ending the regional war.
Financial Aspect of the Agreement
According to diplomatic sources, the deal involves unfreezing tens of billions of dollars in Iranian oil revenues that have been frozen in foreign banks under pressure from US sanctions. According to Reuters, the UAE has agreed to release a total of $10 billion, of which more than $3 billion has already been provided. However, other sources familiar with the terms of the agreement estimate the total sum at $20 billion.
It is important to note that the exact source of these funds has not yet been established. Reuters could not confirm whether the funds belong to the UAE, come from frozen Iranian accounts in the Emirates' banking system, or originate from other sources. A UAE representative stated that the country is striving to reduce tensions and promote peace in the region.
Deal Conditions and Consequences
In exchange for the financial payments, Iran has committed to ceasing missile and drone attacks on the UAE. Furthermore, the parties have agreed to restore bilateral ties, including the exchange of intelligence and economic cooperation. This step is also aimed at ensuring safe passage through the Strait of Hormuz — a key issue in ceasefire negotiations.
One source emphasized that the goal of the agreement is to help resolve the conflict between the US and Iran without either side crossing a "red line." Iran may claim compensation for war losses, Washington may insist that it paid nothing, while Abu Dhabi will gain its own security by presenting this step as an investment in restoring regional trust.
Regional Prospects
Iran has already approached at least two other Arab countries with a proposal to conclude similar agreements. This indicates Tehran's desire to expand its circle of partners and strengthen its position in the region. At the same time, Pakistani Prime Minister Shehbaz Sharif reported that the text of a potential peace agreement has already been agreed upon.
US President Donald Trump previously stated that an agreement with Iran could be reached in the near future. According to him, the signing of the agreements is possible this weekend — June 13-14. If this happens, peace in the region may become a reality, and Iran's economy will receive a powerful boost for recovery.
Thus, the unfreezing of Iranian assets by the UAE becomes not just a financial move, but an important political gesture aimed at stabilizing the situation in the region. Acting as a mediator, the UAE demonstrates its role as a key player in Middle Eastern diplomacy.