Billions for peace? Report says UAE and Iran strike deal to rebuild ties (opens original article in a new tab)

The UAE and Iran reportedly reached a deal to unlock billions of dollars for Iran, aiming to ease regional tensions, though UAE denied releasing frozen funds. The agreement involves halted attacks and economic cooperation, with sources citing at least US$10 billion in potential funds.

• UAE and Iran reportedly struck a deal to unlock billions of dollars for Iran to reduce regional tensions.
• UAE denied claims of releasing frozen Iranian funds, stating allegations are false and unfounded.
• Sources indicate at least US$10 billion could be involved, with US$3 billion already transferred as part of the agreement.
• The deal includes halted Iranian attacks on UAE and revived economic ties, with Iran seeking similar pacts with other Gulf states.