UAE Considering Seizure of Billions of Dollars in Iranian Assets: Report
Abu Dhabi: The United Arab Emirates is reportedly considering freezing and seizing billions of dollars worth of assets linked to Iran in response to recent regional tensions.
According to a report by The Wall Street Journal, UAE authorities are reviewing measures that could include freezing Iranian financial assets and potentially seizing Iranian vessels operating in the region.
The report suggests that such actions could significantly impact Iran’s access to foreign exchange, potentially worsening its currency shortages.
Sources also indicated that dozens of Iranian shadow companies are currently operating within the UAE. These companies are allegedly used by Iran to continue oil trading despite international sanctions.
Through these networks, Iran is said to manage parts of its oil exports and secure foreign currency, making them a key channel for maintaining economic activity under sanctions. If the UAE proceeds with asset seizures or stricter enforcement, it could disrupt these operations and further pressure Iran’s economy.
