The White House on Tuesday said the UAE had not requested a currency swap line.

Trump considers a currency swap with the UAE to assist its economy amid tensions from the Iran conflict.

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.

President Donald Trump, asked on CNBC's "Squawk Box" this week about a possible UAE swap line, appeared to say he is in favor of it.