UAE denies reports of unlocking Iran's frozen assets

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Source: CNBC
UAE denies reports of unlocking Iran's frozen assets
Photo: CNBC
TL;DR Summary

The UAE says media claims it will release up to $20 billion in frozen Iranian funds are false, with no funds released or transferred. Reuters had cited unnamed sources about a possible unlock as part of a tactical shift after Iranian attacks, but UAE officials insist the allegations are unfounded, and the origin of any funds remains unclear, highlighting ongoing sanctions enforcement and Dubai's role in Iran-related finance.

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