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The Economic Times
The Economic Times
National

UAE to unlock billions of dollars for Iran, sources say

DUBAI/LONDON: The United Arab Emirates has agreed to unlock billions of dollars for Iran, four sources said, in a tactical shift after weeks of ​Iranian attacks on the wealthy Gulf Arab state during the U.S.-Israeli ​war with the Islamic Republic.

Word of the move, which has not been previously reported, coincides with the final stages of broader negotiations between ​Tehran and Washington on ending the war, talks that diplomats say could involve the release of tens of billions of dollars in Iranian oil revenues frozen in foreign banks under U.S. sanctions.

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