UAE considers freezing Iranian assets amid escalating Middle East tensions. The Gulf state is weighing whether to cut off access to billions of dollars held within its borders, a move that could severely restrict Tehran's access to foreign currency and global trade networks. Dubai has long served as a crucial financial corridor for Iranian businesses and individuals circumventing Western sanctions, with shell companies and informal currency exchanges facilitating oil sales and military funding. The potential freeze comes after Iran launched over one thousand drones and missiles at UAE targets in retaliation for U.S.-Israel military action, damaging infrastructure including Dubai International Airport. The decision reflects a significant policy shift as UAE reassesses its strategic balance between its American alliance and Iranian relations. Such action would align with U.S.
