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Dubai-based firms have long funneled billions in covert Iranian oil revenue through accounts tied to the Islamic Revolutionary Guard Corps and other networks. UAE officials are weighing targeted asset freezes and maritime measures while balancing economic fallout and the risk of Tehran retaliation
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The United Arab Emirates is considering freezing billions of dollars in Iranian assets held in the country, a move that could significantly restrict Tehran's access to foreign currency and international trade, the Wall Street Journal reported Friday.
