India, April 20 -- The United Arab Emirates has reportedly begun discussions with the United States over a potential financial safety net, as concerns grow about the economic fallout from the ongoing Iran war.

According to a report by The Wall Street Journal, the talks centre on a possible backstop if the conflict deepens and puts further strain on the country's economy. Track US-Iran war live updates.

At the heart of these discussions is a proposal raised by UAE Central Bank Governor Khaled Mohamed Balama during meetings in Washington last week.

He floated the idea of a currency swap line with officials from the Federal Reserve and the US treasury, including treasury secretary Scott Bessent. The move signals early-stage planning rathe...