Trump considers a currency swap with the UAE to assist its economy amid tensions from the Iran conflict.
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Trump ally Steve Bannon calls the UAE 'scum' for seeking short term US dollar loan
Such a move would provide liquidity in dollars to the oil-rich UAE, but could be politically tenuous for the administration amid higher prices at home.
The White House on Tuesday said the UAE had not requested a currency swap line.
Bessent pushed back on allegations that Trump family's financial ties with UAE are driving decision to offer swap line.