At least $10 billion for Iran to be unlocked in Iran deal
Trump spent years railing against the $1.7 cash settlement the US paid out to Iran in 2016 and now there is this:
Reuters reports that the UAE will unlock “at least" $10 billion in frozen Iranian funds and that he first $3 billion is already delivered. Two separate sources say the dagreement is for $20 billion in exchange for a halt on all attacks on the UAE.
It’s likely money that was previously-earmarked Iranian money that was locked up in the UAE banking system but the report said it couldn’t confirm that.
Iran also approached at least two other Gulf Arab countries to make a similar arrangement.
What’s likely unfolding is that funds are being directed to Iran while the US can maintain some level of plausible deniability that it’s the one paying.
This article was written by Adam Button at investinglive.com.