The United Arab Emirates Ministry of Foreign Affairs denied reports that the country would unlock or transfer billions of dollars to Iran.

The denial comes amid conflicting reports regarding the release of frozen assets. Because the UAE and Iran are key regional players, allegations of significant financial transfers can influence diplomatic relations and international sanctions monitoring.

A spokesperson for the UAE Ministry of Foreign Affairs said the reports are completely false and without any factual basis [1]. The ministry said that the United Arab Emirates categorically denies any transfer of frozen Iranian funds [2].

Reports regarding the specific amount of money allegedly involved vary by source. One report cited an agreement to release $10 billion [1]. Another report mentioned a figure of $3 billion [2]. The UAE government said that no such transfer has occurred [1], [2].

The Ministry of Foreign Affairs issued these statements to refute the claims that frozen Iranian funds had been released. The government said the allegations are completely unfounded [1], [2].

“"These reports are completely false and without any factual basis."”

The discrepancy between reported figures—ranging from $3 billion to $10 billion—suggests a lack of consensus among sources tracking these assets. By issuing a categorical denial, the UAE is attempting to shut down speculation that it is bypassing international financial restrictions or altering its diplomatic stance toward Iran through covert financial channels.