UAE Denies Reports of USD 3 Billion Transfer to Iran, Calls Claims False

The United Arab Emirates has firmly rejected reports alleging that USD 3 billion was transferred to Iran, describing the claims as baseless and inaccurate. The denial comes amid heightened scrutiny over a proposed US-Iran agreement aimed at reducing tensions in West Asia and addressing concerns over Tehran’s nuclear programme.

UAE Dismisses Transfer Allegations

The UAE Ministry of Foreign Affairs categorically denied media reports claiming that funds, including an alleged USD 3 billion, had been transferred to the Islamic Republic of Iran.

In a post on X, the ministry stated: "The United Arab Emirates has categorically denied reports published by certain international media outlets alleging the transfer of funds from the UAE to the Islamic Republic of Iran, including allegations concerning USD 3 billion. In a statement, the Ministry of Foreign Affairs affirmed that these allegations are entirely false and unfounded, stressing that no frozen Iranian funds have been released, transferred, or facilitated through the UAE."

The ministry further urged media organisations to verify information through official channels before publishing such reports.

"The Ministry also called on media outlets to exercise accuracy, rely on official sources, and refrain from publishing or circulating unverified information and unfounded allegations," the post read.

JD Vance Rejects Claims of Financial Incentives for Iran

The UAE’s statement follows remarks by US Vice President JD Vance, who dismissed reports suggesting that Iran would receive financial benefits simply for signing a proposed peace agreement with Washington.

Addressing speculation surrounding negotiations aimed at reopening the Strait and resolving concerns over Iran’s nuclear programme, Vance said the reports were inaccurate.

"I'm 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 simply signing a deal or attending a meeting," the post read.

Proposed Deal Focused on Security and Regional Stability

Vance said the proposed arrangement was structured to safeguard the interests of the United States and its allies while creating a pathway for economic benefits if Iran fulfilled its commitments.

"The deal is structured to ensure that the US and its allies concerns are prioritized, and that if the Islamic Republic of Iran meets its obligations, then economic benefits will flow to them and to the entire region. This deal has the potential to remake the region and lead to lasting peace," it added.

The statements from both Abu Dhabi and Washington come amid ongoing discussions over regional security, maritime stability, and efforts to curb Iran’s nuclear ambitions, with officials seeking to counter what they describe as misinformation surrounding the negotiations.

(With inputs from ANI)