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UAE Seeks U.S. Wartime Financial Backstop Over Iran Tensions

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Source: WSJ
UAE Seeks U.S. Wartime Financial Backstop Over Iran Tensions
Photo: WSJ
TL;DR

The United Arab Emirates has pressed the United States to provide a wartime financial backstop, including a potential currency-swap line, in case the Iran conflict deepens and disrupts Gulf oil economies. UAE Central Bank Governor Khaled Balama discussed the idea in Washington with Treasury and Federal Reserve officials, noting the economy has so far avoided the worst effects but a lifeline could be needed if tensions persist.

Topics:businessworld#currency-swap#financial-backstop#iran-conflict#uae#united-states#world
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  1. U.A.E. Asks U.S. About a Wartime Financial Lifeline  WSJ
  2. Exclusive | U.A.E. Asks U.S. About a Wartime Financial Lifeline  WSJ
  3. UAE in Talks With US for Possible Financial Lifeline, WSJ Says  Bloomberg.com
  4. 1 War, 3 Bills: UAE's Bailout, Iran's $270 Billion, Trump's Off-Ramp Search  NDTV
  5. Yuan for oil payments? UAE seeks US safety net amid Iran war - report  The Times of India

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