U.A.E Seeks To Reduce Tensions With Iran, Say Media Reports

As mediation efforts are under way to reduce tensions between Iran and Saudi Arabia amid an escalation caused by the attacks on the Aramco oil facilities, there are indications that the United Arab Emirates has started to improve its ties with Iran.

In one of the latest developments, Akbar Torki, a member of the Iranian Parliament, said on October 20 that the UAE had released $700 million of Iran's frozen assets in that country.

Torki said foreign-exchange relations between Iran and the United Arab Emirates have improved, adding that Iranian exchange bureaus have reopened in Dubai after a long period of closure, the Iranian Parliaments ICANA news agency reported on October 20.

However, he did not go into detail about the development, and the Iranian Foreign Ministry has also remained silent.

In the meantime, the semi-official news agency ISNA, which is close to the administration of President Hassan Rouhani, ran a report on October 20 that said the UAE, like Saudi Arabia, has been recently trying to "downgrade tensions between the two countries and Iran from the military level to a political level."

Tensions between the UAE and Iran have been on the rise since the United Arab Emirates joined the Saudi coalition in the war in Yemen. Meanwhile, tensions between the two countries reached a fever pitch when Iran was blamed for attacks on four oil tankers on the UAE shores in July.

Middle East observer and former Iranian diplomat Nasrollah Tajik told ISNA that one reason the UAE is atte....

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