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Iran's Financial Hub, The UAE, May Freeze Billions In Assets Over Retaliatory Strikes
Iran's Financial Hub, The UAE, May Freeze Billions In Assets Over Retaliatory Strikes
The United Arab Emirates is pissed after Iran targeted Dubai and other US allies with over 1,000 drones and missiles in retaliation for US-Israeli attacks over the last week - and is now weighing freezing billions of dollars in Iranian assets held in the Gulf state, according to the WSJ, citing people familiar with the discussions. If that happens, it could sever one of Tehran's most vital economic lifelines.
A black plume of smoke rises from a warehouse at the industrial area of Sharjah...
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Authored by Frank Shostak via The Mises Institute,
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