US media: UAE considers freezing billions of dollars in Iranian assets

PANews March 6 News, according to The Wall Street Journal, sources say Iran has launched over 1,000 drones and missiles at targets within the UAE. In response, the UAE is considering freezing billions of dollars of Iranian assets held in the country, which could cut off one of Iran’s most vital economic lifelines. If the UAE takes action, Iran’s access to foreign exchange and participation in the global trade network will be severely restricted, further exacerbating its already struggling economy due to inflation. UAE officials have privately warned Iran that they may take action. According to informed officials, potential measures include freezing assets of UAE-based “shadow companies” used to conceal trade activities and conducting comprehensive financial crackdowns on local currency exchange agencies involved in bypassing official banking channels. In addition to financial measures, policymakers are also considering direct maritime actions, such as seizing Iranian ships.