UAE in Talks With US for Possible Financial Lifeline, WSJ Says

The United Arab Emirates has begun talks with the US about a financial backstop in case the Iran war plunges the country into further crisis, the Wall Street Journal reported, citing US officials it didn’t identify.

UAE Central Bank Governor Khaled Mohamed Balama raised the idea of a currency swap line with Federal Reserve and US Treasury officials, including Treasury Secretary Scott Bessent, during meetings in Washington last week, according to the report.