The Wall Street Journal reported on March 5, citing anonymous sources, that the UAE is considering restricting Iran's access to its billions of dollars in foreign exchange assets in the country.
The UAE authorities have informed Iran that this plan is under discussion, but no decision has been made on whether to implement it or when to do so.
Data from the Atlantic Council, a U.S. think tank, shows that the capital of the UAE has become the most important financial channel for Iranian companies and individuals. Due to Western sanctions, a large number of Iran's oil-related transactions are conducted here.
The U.S. has long been dissatisfied with this situation and has pressured Dubai to shut down Iranian commercial institutions for years.
Meanwhile, the UAE has tried to maintain a balance between American interests and its pragmatic relations with its neighboring country Iran.
The UAE still maintains its consistent position: The country's Ministry of Foreign Affairs stated that it adheres to "a long-term policy of friendly neighborhood and de-escalation, and strictly complies with the UN Charter," and refuses to join the U.S. and Israel-led coalition against Iran.
Original article: toutiao.com/article/1858923767718924/
Statement: This article represents the personal views of the author.