The UAE Foreign Ministry denied reports claiming it agreed to release up to $20 billion in frozen Iranian assets, calling the allegations entirely false.

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…

A claim that the UAE agreed to release $10 billion for Iran circulates online, but no verified Reuters report confirms it amid rising Gulf tensions.

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

The United Arab Emirates has strongly refuted claims of transferring USD 3 billion to Iran. The Ministry of Foreign Affairs stated these reports are entirely false. No frozen…