Sigma Live

WSJ: UAE 'Freeze' of Iranian Assets First Response to Tehran

Published March 6, 2026, 09:11
WSJ: UAE 'Freeze' of Iranian Assets First Response to Tehran

The United Arab Emirates is considering freezing billions of dollars in Iranian assets held in the country, as a response to attacks on Israel and the escalating conflict between the US and Iran. Measures under consideration include freezing the assets of shell companies used to conceal trade transactions, as well as cracking down on local currency exchange houses used to transfer money outside official banking channels. The UAE's goal is to limit Tehran's access to foreign exchange and global trade. A key focus will be accounts linked to the Islamic Revolutionary Guard Corps. Additionally, the seizure of Iranian ships is being considered. This move represents the UAE's first response to the escalating tensions and is expected to put significant pressure on the Iranian economy. The situation is being closely monitored by the international community, as further escalation of the conflict could have serious consequences for regional stability.