The US would likely provide financial assistance to the UAE if the Gulf state needed it as a result of the US-Israeli war on Iran, National Economic Council Director Kevin Hassett said on Monday.
"The UAE has been an incredibly valuable ally throughout this effort, and I'm sure the treasury secretary will make every effort to help them out, should that be necessary," Hassett told CNBC. He added that Trump said talks to end the war on Iran were progressing "very positively".
Hassett responded to a report by the Wall Street Journal which said that UAE Central Bank Governor Khaled Mohamed Balama raised the idea of the US providing a currency-swap line to Abu Dhabi with Treasury Secretary Scott Bessent and Federal Reserve officials in a meeting last week.
Hassett said a currency-swap line most likely won't be necessary, but the US would be willing to assist the UAE.
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