UAE Refutes Claims of $3 Billion Transfer to Iran

The United Arab Emirates has strongly denied allegations of a $3 billion transfer to Iran, labeling the claims as entirely false. The Ministry of Foreign Affairs emphasized that no Iranian funds have been released or processed through the UAE. Amid rising tensions, the UAE has faced direct threats from Iran. The Ministry also called on media outlets to ensure accuracy in reporting and avoid spreading unverified information. Additionally, US Vice President JD Vance dismissed rumors of financial incentives for Iran related to a peace deal with Washington, reiterating that no funds would be released merely for signing agreements. This situation highlights the complexities of international relations in the region.

By Narendra Chaudhary Jun 13, 2026, 07:02 IST

UAE Denies Allegations of Fund Transfer

The United Arab Emirates (UAE) has firmly rejected claims that it transferred USD 3 billion to Iran. The UAE's Ministry of Foreign Affairs labeled these allegations as "completely false and baseless," emphasizing that no Iranian funds have been released, transferred, or processed through the UAE. Amid ongoing tensions, the UAE has faced direct threats from Iran during the current conflict.

In a statement shared on X, the UAE's Ministry of Foreign Affairs reiterated, "The United Arab Emirates has categorically denied reports from certain international media suggesting the transfer of funds to the Islamic Republic of Iran, including the USD 3 billion claim. The Ministry confirmed that these allegations are entirely false and unfounded, highlighting that no frozen Iranian assets have been released or facilitated through the UAE."

Furthermore, the Ministry urged media organizations to prioritize accuracy, rely on official statements, and avoid disseminating unverified information and baseless claims.

It is important to note that Iranian oil revenues remain frozen in foreign banks due to US sanctions. Earlier, US Vice President JD Vance dismissed rumors suggesting that Iran would receive financial benefits simply for signing a peace agreement with Washington aimed at resolving hostilities in West Asia, labeling such reports as "fake information." Vance stated, "I am seeing a lot of fake information about a potential deal to reopen the Strait and end Iran's nuclear weapons program. First, the Iranians are not receiving any cash, and no funds are being released for merely signing a deal or attending a meeting."