Abu Dhabi, June 13 -- The United Arab Emirates (UAE) has categorically denied media reports alleging that it agreed to transfer billions of dollars to Iran in exchange for a halt to attacks on the Gulf state.

In a statement issued on X on Saturday, June 13, the UAE Ministry of Foreign Affairs rejected claims published by international media outlets that Abu Dhabi had released or facilitated the transfer of funds, including reports involving USD 3 billion.

"The allegations are entirely false and unfounded," the ministry said, adding that no frozen Iranian funds had been released, transferred or facilitated through the UAE.

The denial came hours after Reuters reported, citing four unnamed sources, that the UAE had agreed to unlock billio...