Reuters reports that sources familiar with ongoing negotiations say the UAE has agreed to unlock billions of dollars linked to Iran

The reported move coincides with intensive diplomacy between the United States and Iran over issues ranging from regional security to economic sanctions and access to frozen Iranian revenues held abroad. Negotiators have been working to establish mechanisms for the phased release of funds while addressing concerns over compliance and oversight.

However, the development has also generated controversy. UAE officials have publicly denied reports that billions of dollars have already been transferred to Iran, describing such claims as inaccurate. Abu Dhabi has emphasized that its foreign policy remains focused on de-escalation, regional stability, and support for diplomatic initiatives rather than direct financial transfers.

Analysts say that any agreement involving Iranian funds would likely be closely linked to broader diplomatic objectives, including maintaining stability in the Strait of Hormuz, reducing military tensions, and creating conditions for future negotiations on sanctions and nuclear issues. The release of frozen assets has long been one of Tehran’s central demands in talks with Washington.