The United Arab Emirates (UAE) on Saturday categorically denied media reports alleging that funds had been transferred to Iran as part of an agreement to unlock frozen assets, including claims involving $3 billion.

In a statement, the UAE Ministry of Foreign Affairs said the allegations were "entirely false and unfounded," adding that no frozen Iranian funds had been released, transferred or facilitated through the UAE.

The denial came after international media outlets, citing unnamed sources, reported that the UAE had agreed to unlock billions of dollars for Iran. The reports cited estimates ranging between $10 and $20 billion, with at least $3 billion already made available, possibly in exchange for a halt to Iranian attacks on the UAE.

Since the United States and Israel launched massive attacks on Iran on February 28, the UAE has been repeatedly targeted by Iranian strikes, with the most recent reported on May 4-5.

(Cover: Iranians walk past a large-scale political billboard featuring Iranian missiles and a sword at Vanak square in Tehran, Iran, June 11, 2026. /VCG)