UAE Explores Freezing Iranian Assets to Punish Tehran

“The United Arab Emirates is weighing freezing billions of dollars of Iranian assets held in the Gulf state, a move that could sever one of Tehran’s most important economic lifelines,” the Wall Street Journal reports.

“If the U.A.E. goes ahead, it would significantly curb Tehran’s access to foreign currency and global trade networks as its domestic economy, already buckling under inflation, is now engulfed in a military conflict.”