The United Arab Emirates Foreign Ministry on June 13 categorically denied reports that it transferred billions of dollars in frozen Iranian funds, calling such claims "false and unfounded" [1, 2, 3].
Four unnamed sources had told Reuters and others that the UAE agreed to unlock between $10 billion and $20 billion for Iran, including a purported initial tranche of $3 billion [1, 2]. These alleged transfers were linked by sources to a strategic shift in response to Iranian attacks on UAE soil, the most recent of which occurred on May 4 when Iran targeted the Fujairah port [1].
However, the UAE Ministry of Foreign Affairs stressed no Iranian frozen funds have been released, transferred, or facilitated through UAE banks [2]. The Foreign Ministry also said, "The United Arab Emirates has categorically denied reports published by certain international media outlets alleging the transfer of funds from the UAE to the Islamic Republic of Iran, including allegations concerning USD 3 billion" [3].
A UAE official said, "The UAE’s foreign policy is guided by promoting de-escalation and reducing tensions across the region, while advancing lasting peace and stability. The UAE supports efforts, including those undertaken by the United States, to protect the peoples of the region from the repercussions of conflict" [1].
Reuters and other reports could not confirm if any alleged funds originated from UAE assets or from long-blocked Iranian accounts held within the UAE banking system [1, 2]. This remains a point of uncertainty amid conflicting accounts.
The last reported Iranian attack on UAE territory was on May 4, 2026, highlighting ongoing regional tensions that have prompted intense scrutiny of financial moves between the two nations [1].
The UAE’s strict denial places the issue at a diplomatic impasse, with no public verification of the alleged fund transfers. The UAE’s statement on June 13 stands as the latest official position contesting the reports of fund releases.
The situation may evolve as further investigations or statements emerge from involved parties or international monitors.
