UAE Denies $3B Iran Transfer; Vance Rejects Cash-for-Deal Claim

The UAE's Foreign Ministry denied reports that it transferred $3 billion to Iran. The ministry called the claims "entirely false and unfounded." No frozen Iranian funds have been released or routed through the UAE, it said in a statement on X.

U.S. Vice President JD Vance separately rejected reports that Iran would receive cash payments for signing a peace deal. Vance posted on X that no funds are being released for simply signing an agreement. The deal is structured so that economic benefits flow only if Iran meets its obligations, he said.

The UAE has long served as a trade and financial hub for Iran. The ministry's denial was categorical. It urged media to rely on official sources.

The Strait of Hormuz talks have drawn attention because the waterway handles roughly 20% of global crude shipments. Neither the UAE statement nor Vance's post set a timeline for further negotiations. Vance ended his post by saying the deal "has the potential to remake the region and lead to lasting peace" if Iran meets its commitments.