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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.
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aljazeera.com
US Treasury Secretary Bessent says Gulf, Asian allies request swap lines
Bessent pushed back on allegations that Trump family's financial ties with UAE are driving decision to offer swap line.
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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.