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BackYuan for oil payments? UAE seeks US safety net amid Iran war - report
Yuan for oil payments? UAE seeks US safety net amid Iran war - report
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Times of India4/20/2026GeneralIndia

Yuan for oil payments? UAE seeks US safety net amid Iran war - report

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The UAE has requested a US financial safety net amid concerns that an Iran war could severely damage its economy and investor confidence. Talks included a currency-swap line proposal, as the UAE fears needing to use other currencies for transactions if dollar shortages arise.

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This article was originally published by Times of India.

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