UAE considers freezing Iranian assets

The United Arab Emirates is considering freezing Iranian assets worth billions of dollars in response to Tehran's attacks on the country, according to The Wall Street Journal. The newspaper's sources say UAE officials have privately warned Iran about possible actions. The decision has not yet been made, but imposing sanctions is being considered as a potential response to Iran's recent military provocations.

Context

Earlier, in response to Iran's attacks on Gulf countries, the United Arab Emirates imposed economic sanctions, including restrictions in energy markets and finance.