UAE Considers Freezing Billions in Iranian Assets After Iran Strikes

The United Arab Emirates is considering freezing billions of dollars in Iranian assets held within the country, according to a Wall Street Journal report cited by Haaretz. Dubai-based firms have long funneled billions in covert Iranian oil revenue through accounts tied to the Islamic Revolutionary Guard Corps and other networks. UAE officials are reportedly evaluating targeted asset freezes and maritime measures while managing concerns about economic consequences and potential retaliation from Tehran.