UAE Seeks U.S. Financial Lifeline

The economic impact of the war with Iran is being felt acutely in the United Arab Emirates, prompting the nation to seek a wartime financial backstop from Washington.

UAE Central Bank Governor Khaled Mohamed Balama raised the idea of a currency swap line during recent meetings with Federal Reserve and Treasury officials.

The UAE has been hit by over 2,800 missiles and drones since the conflict began, with over 90% of Iranian targets reportedly being civilian infrastructure.

This request for a financial lifeline underscores the growing strain on regional economies as the Strait of Hormuz remains a volatile chokepoint.