UAE seeks US financial lifeline

The request highlights the growing economic anxiety in the Gulf as the conflict between the US and Iran escalates.

UAE Central Bank Governor Khaled Mohamed Balama raised the proposal during recent meetings in Washington with Treasury and Federal Reserve officials.

The UAE fears that a prolonged war could severely damage investor confidence and disrupt vital trade routes.

While the US has not yet committed to the swap line, the discussions reflect the deepening financial interdependencies in the region.