Report says UAE released billions to Iran but government denies transfer
The United Arab Emirates released billions of dollars in frozen Iranian assets as an olive branch to ward off further attacks, according to a report.
TL;DR
- A report alleged the UAE released billions of dollars in frozen Iranian assets to Iran.
- This release was reportedly an olive branch to prevent further Iranian attacks.
- The UAE's Foreign Ministry has strongly denied the report as "entirely false and unfounded."
- A UAE official, while not denying the transfer, stated the UAE promotes de-escalation and regional peace.
- Iranian attacks on the UAE abruptly stopped after May 4th, with subsequent attacks focused on Kuwait and Bahrain.