Reuters. Things are moving in right direction for Iran!
- Two sources say at least $10 billion to be unlocked under deal
- First $3 billion tranche already sent, sources say
- Deal includes revived economic ties, source says
- UAE official says Gulf state aims to ease regional tensions
- Iran sought similar pact with two other Gulf states, source says
DUBAI/LONDON, June 12 (Reuters) - 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.
Two regional sources told Reuters the UAE had agreed to release a total of $10 billion, more than $3 billion of which had already been delivered.
Two other sources with knowledge of the arrangement put the total funds involved at
$20 billion, adding that the move had been agreed
in return for a halt to Iranian attacks on the UAE. One of the sources with knowledge of the arrangement also said a first tranche of $3 billion had already been made available.