The UAE has struck a deal to unlock billions of dollars in funds for Iran. The agreement, reported by Reuters on June 12, represents one of the most significant financial arrangements between Gulf states and Iran in recent memory.
The total value of the deal is estimated between $10 billion and $20 billion, depending on which regional sources you ask. Over $3 billion has already been delivered to Iran.
From asset freezes to billion-dollar transfers
The funding is designed to persuade Iran to stop targeting the UAE, following Iran’s missile and drone attacks on UAE territory during the escalating US-Israeli conflict with Iran.
Earlier in 2026, the picture looked completely different. Back in March, the UAE was actively considering freezing Iranian assets as a response to those very same attacks.
