UAE Weighs Freezing Iranian Assets Amid Escalating US-Israel Conflict with Tehran: Report

• The UAE is considering freezing billions in Iranian assets held within the Gulf state, per The Wall Street Journal.
• Potential punitive measures follow recent attacks linked to the escalating US-Israel conflict with Tehran.
• Steps include targeting 'shadow companies,' cracking down on currency exchanges, and freezing IRGC financial accounts.
• Maritime measures, such as seizing Iranian ships, are also under discussion, marking a significant escalation.
• This would be a major shift for the UAE, which historically maintained economic ties with Iran via Dubai.