UAE seeks possible US financial lifeline amid Iran war fallout - WSJ

The United Arab Emirates has opened discussions with the United States about securing a financial backstop if the war with Iran deepens the economic strain on the Gulf state, according to a report by The Wall Street Journal.

Officials said the idea of a currency swap line was raised in meetings in Washington between UAE Central Bank Governor Khaled Mohamed Balama and US Treasury Secretary Scott Bessent, as well as Treasury and Federal Reserve officials.

Such an arrangement would give the UAE central bank access to US dollars to support its currency or foreign reserves in the event of financial stress.

Officials stressed the talks are preliminary and no formal request for a swap line has yet been made.