The UAE has agreed to unlock between $10 billion and $20 billion for Iran, with part of the funds already transferred, as negotiations to end the US-Iran conflict gather pace, according to a report, citing sources

The United Arab Emirates has agreed to release billions of dollars to Iran, according to a Reuters report, citing four sources, in what is being viewed as a significant shift in relations following weeks of Iranian attacks on the Gulf state during the recent US-Israeli conflict with Tehran.

The reported move comes as Iran and the US enter 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 Iranian oil revenues frozen overseas under US sanctions.

STORY CONTINUES BELOW THIS AD

The UAE had agreed to release a total of $10 billion, of which more than $3 billion had already been transferred, reported Reuters, citing two regional sources.

However, two other sources familiar with the arrangement put the total amount at $20 billion. They said the agreement was reached in exchange for a halt to Iranian attacks on the UAE.

Reuters said it was unable to independently determine whether the funds originated from UAE resources, long-frozen Iranian assets held in the UAE banking system, or accounts located elsewhere.

Responding to questions about the reported transfer, a UAE official did not confirm the figures but said Abu Dhabi remained focused on reducing regional tensions and supporting efforts to restore stability.

“The UAE’s foreign policy is guided by promoting de-escalation and reducing tensions across the region, while advancing lasting peace and stability,” Reuters quoted the official as saying.

“The UAE supports efforts, including those undertaken by the United States, to protect the peoples of the region from the repercussions of conflict,” the official added.

STORY CONTINUES BELOW THIS AD

The reported release of funds comes amid intensified diplomatic efforts to secure a broader peace agreement between Washington and Tehran.

US Vice President JD Vance said on Friday that Iran would not receive funds simply for signing an agreement with Washington, stressing that any economic benefits would be tied to Tehran meeting its commitments under the deal.

“We’re not paying Iran to sign a deal or show up to a meeting,” Vance said, adding that the proposed agreement was structured so that financial relief would flow to Iran only if it fulfilled its obligations.

The comments came amid reports that the UAE had agreed to release billions of dollars to Iran as part of efforts to support a broader peace agreement.

According to Reuters, one source said the arrangement could allow all sides to claim success: Iran could present it as compensation for war damages, Washington could maintain that it had not paid Tehran, and the UAE could secure improved regional stability and protect Dubai’s status as a business hub.

Another source said Iran had agreed to halt missile and drone attacks on the UAE in return for the funds, with both sides also discussing closer intelligence cooperation and economic ties.

STORY CONTINUES BELOW THIS AD

Reuters reported that talks accelerated after senior members of Iran’s Revolutionary Guards visited Abu Dhabi last week for meetings with UAE National Security Adviser Sheikh Tahnoun bin Zayed Al Nahyan, followed by a trip by Emirati officials to Tehran to finalise the arrangement.

With inputs from agencies

First Published:
June 13, 2026, 00:47 IST

HomeWorldUAE agrees to release billions to Iran as US-Tehran peace talks near final stage: ReportEnd of Article