The United Arab Emirates has firmly dismissed reports alleging that $3 billion was transferred to Iran, describing the claims as inaccurate and without any factual basis.

In a statement, the UAE Ministry of Foreign Affairs said reports published by certain international media outlets were “entirely false and unfounded”. The ministry emphasised that no frozen Iranian funds have been released, transferred, or facilitated through the UAE.

Addressing the allegations, the ministry reiterated that there had been no movement of Iranian assets through the country and rejected suggestions that any such financial transaction had taken place.

In a post on X, the official account of the UAE’s Ministry of Foreign Affairs shared, “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.

Reuters, citing four sources, reported that the United Arab Emirates had agreed to release billions of dollars to Iran, in what was viewed as a significant shift in bilateral relations after weeks of Iranian attacks on the Gulf state during the recent US-Israeli conflict with Tehran.

The reported move came as Iran and the US entered the final stages of negotiations aimed at ending the war. Diplomats involved in the talks have indicated that the broader discussions could also include the release of tens of billions of dollars in...

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