WSJ: UAE may freeze billions of dollars in Iranian assets

Events 6 Mar 2026, 15:00 611

Authorities in the United Arab Emirates (UAE) are considering freezing billions of dollars in Iranian assets held within the country, according to The Wall Street Journal, citing informed sources. Such a move could significantly restrict Tehran's access to foreign currency and global trade networks.

It remains unclear exactly when the UAE might implement the asset freeze. Previously, Emirati officials stated their commitment to adhering to international sanctions and protecting the integrity of the global financial system. Sources indicate that the UAE is also considering measures to control illicit Iranian operations, including freezing assets of shadow companies and imposing restrictions on local currency exchanges used for informal money transfers.

If enacted, these measures would specifically target accounts linked to the Islamic Revolutionary Guard Corps (IRGC). Furthermore, in addition to financial sanctions, the UAE is considering the seizure of Iranian vessels to dismantle Tehran's "shadow fleet," reported by kommersant.ru.