The UAE is preparing to unfreeze between $10 billion and $20 billion in assets for Tehran as part of a massive back-channel deal to stop drone attacks and open the Strait of Hormuz.

US-Iran war: Senior security officials from the United Arab Emirates and Iran met face-to-face for the first time since the US-Israeli war began. This meeting signals a major…

By Andrew Mills, Marwa Rashad and Ahmad GhaddarDUBAI/LONDON, June 12 (Reuters) - The United Arab Emirates has agreed to unlock billions of dollars for Iran, four sources said, in…

Four sources told Reuters that the UAE agreed to release $10-$20 billion in frozen Iranian assets, though the UAE denied this.