DUBAI (Kashmir English): The United Arab Emirates denied a Reuters report that it had not transferred any money to Iran, and that Iran‘s frozen funds had not been released or transferred.
The news agency had claimed that the UAE had agreed to release billions of dollars to Iran.
According to Reuters, the sources said that the development came during the final stages of ongoing talks between Iran and the United States to end the war.
According to two regional sources, the UAE has agreed to release about $10 billion, of which more than $3 billion has already been provided to Iran.
However, two other sources said that the total amount could be up to $20 billion and that this measure was agreed in exchange for stopping Iranian attacks.
However, the UAE has denied media reports and said that it has not transferred any money to Iran. Iran’s frozen funds have not been released or transferred.
US-Iran deal likely on G7 summit sidelines
Iranian Foreign Ministry sources have confirmed that the signing of the agreement between the US and Iran is expected on the sidelines of the G7 summit.
The G7 summit is being held in Evian, France, from June 15 to 17. A senior Iranian Foreign Ministry official, speaking on condition of anonymity, said that if all conditions remain in place and there is no attempt to sabotage the peace process, the US-Iran deal could be signed on June 14, the day before the summit.
Geneva has so far been agreed upon for the signing of the agreement, and, likely, Iran’s chief negotiator Mohammad Baqer Qalibaf and Foreign Minister Abbas Araqchi will represent Iran.
While the US is expected to be represented by Vice President JD Vance, Special Envoy Steve Witkoff, and President Trump’s son-in-law, Jared Kushner.
As the most important mediator, a high-level delegation from the Pakistani Foreign Ministry will also be present at this important event.
The G7 summit is also important because Britain and France intend to present a European-led plan to clear the Strait of Hormuz of mines, which are allegedly located there. These countries need President Trump’s approval for this.
However, Iran has already denied the claims that it has laid mines in the Strait of Hormuz.
It should be noted that the G7 summit is being chaired by France, and will also be attended by European Union President Antonio Costa and President Ursula von der Leyen.
The G7 summit will discuss the situation in the East, geopolitical challenges, peace and security in Ukraine and Europe, international partnerships, economic growth, and the future of artificial intelligence.
The G7 includes Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States, but host France has also invited some countries that are not part of the G7 to attend the summit. Next year, the US will hold the G7 presidency.
