Iran · 12 June, 2026 · 3 min read
United Arab Emirates Denies Releasing $10 Billion Frozen Iranian Assets After Reuters Report
UAE denies releasing or transferring any frozen Iranian funds, including $3 billion. Reuters reported UAE agreed to unlock billions of dollars for Iran to halt attacks.
Whether the UAE transfer is tied to a specific US-Iran deal timing.
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Frames the same move as diplomacy-linked vs purely security-driven.
UAE denies $3B transfer
The United Arab Emirates denied reports that it released frozen Iranian assets, saying the claims are false and not based on facts, after Reuters reported the UAE had approved the release of $10 billion in frozen Iranian assets with more than $3 billion already transferred.
“no frozen Iranian funds had been released or transferred through the country”
Roya News quoted the UAE Foreign Ministry saying that "no frozen Iranian funds had been released or transferred through the country," and added that the UAE urged media outlets to verify information and rely on official sources.
Roya News also tied the denial to Reuters reporting that the UAE had approved the release of $10 billion in frozen Iranian assets and that more than $3 billion had already been transferred as part of discussions between officials from the two countries.
In parallel, Al Jazeera reported that four sources told Reuters the UAE agreed to unlock billions of dollars for Iran as part of final stages of broader negotiations between Tehran and Washington to end the war, with two regional sources putting the UAE release at $10bn and more than $3bn already delivered.A
Unlocking tied to ceasefire
Al Jazeera said Reuters reported the UAE had agreed to release a total of $10bn, with more than $3bn already delivered, and that other sources put the total funds involved at $20bn, adding that the move was agreed in return for a halt to Iranian attacks on the UAE.A
Al Jazeera also quoted the UAE Foreign Affairs Ministry statement denying the transfer, including claims concerning $3 billion, saying "no frozen Iranian funds have been released, transferred, or moved through the UAE."A
The same Reuters-linked reporting described the arrangement as a tactical shift after weeks of Iranian attacks on the wealthy Gulf Arab state during the U.S.-Israeli war with the Islamic Republic, and said the talks coincided with final stages of negotiations between Tehran and Washington.
Al Jazeera further reported that one source said the disbursement would be paired with Iran halting missile and drone attacks on the UAE and rebuilding bilateral ties, including intelligence sharing and economic cooperation, while another source said Iran had approached at least two other Gulf Arab countries for similar arrangements.A
Hardline criticism and next steps
In the aftermath of the UAE denial, ایـران اینترنشنال reported that Reuters said the UAE had already delivered about $3 billion to Iran and agreed to release billions more under an arrangement aimed at halting Iranian attacks on the Persian Gulf state.
“no final decision has yet been made”
ایـران اینترنشنال also reported that hardline Iranian lawmaker Mahmoud Nabavian criticized the emerging U.S.-Iran agreement, saying, "compared with the two previous versions, it is more damaging and Iran’s retreats have also increased," and that IRGC-affiliated Fars News criticized Abbas Araghchi for what it called an "ambiguous" response.
The same Reuters-linked reporting said Iran’s Foreign Ministry spokesman Esmail Baghaei told reporters that a memorandum of understanding between Tehran and Washington is in the final stages of being compiled, with "no final decision has yet been made."
Roya News additionally referenced a separate thread in its page about an Iran-to-discuss nuclear file within 60 days after agreement, while the Jerusalem Post live updates page framed the broader context around UAE denials and ongoing U.S.-Iran deal discussions.