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Bessent defends U.S. dollar swap lines as Iran war harms global finances
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.
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cnbc.com
White House discussing currency swap line with United Arab Emirates
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.
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Bessent says 'many' U.S. allies have asked for currency swaps amid Iran war turbulence
The White House on Tuesday said the UAE had not requested a currency swap line.
