The U.A.E. is reportedly in talks with U.S. officials over a possible financial backstop, including a currency swap line, as uncertainty rises before the Iran ceasefire window closes. According to reports Emirati officials discussed options to protect the country’s financial stability if regional tensions deepen and pressure markets, foreign reserves, and dollar access. Gulf may be reconsidering currency options for oil trade if access to U.S. dollars becomes more difficult. Watch the video for more.
