Reports say United Arab Emirates has agreed to unfreeze billions of dollars in funds for Iran

June 13, according to Reuters, sources said that during the war between the United States and Israel with Iran and after Iran attacked the United Arab Emirates for several weeks, the United Arab Emirates had agreed to unfreeze billions of dollars in funds for Iran. United Arab Emirates has agreed to release a total of US$10 billion in funds, of which more than US$3 billion has been delivered. Another source said that the total amount of funds involved was US$20 billion, and the move was reached in exchange for Iran stopping attacks on the United Arab Emirates. The last time Iran directly attacked the United Arab Emirates was on May 4. Sources said the United Arab Emirates move provided a way to help resolve the conflict between the United States and Iran without allowing either party to cross its own red line: Iran can claim that it has won compensation for war losses, Washington can insist that it has not paid any funds, and the United Arab Emirates has ensured its own security while maintaining Dubai's hub status, while packaging the move as an investment to rebuild regional trust. In exchange, Iran will stop missile and drone attacks on the United Arab Emirates, and the two sides will also rebuild bilateral relations, including intelligence sharing and economic cooperation. The source added that Iran has approached at least two other Gulf Arab states about similar arrangements.