The White House on Tuesday said the UAE had not requested a currency swap line.

Such a move would provide liquidity in dollars to the oil-rich UAE, but could be politically tenuous for the administration ...

President Trump said Tuesday that the United States is weighing a currency swap with the United Arab Emirates amid the war ...

Treasury Secretary Scott Bessent said Wednesday that “many” oil-rich U.S. allies in the Persian Gulf and Asia have requested ...

Any pivot away from the dollar by a top oil producer would represent a major threat to the currency’s supremacy.

Treasury Secretary Scott Bessent defends temporary sanctions relief for Iran and Russia as necessary to stabilise global ...

The United Arab Emirates has entered talks with the United States over a potential currency swap line and other financial support to cushion its economy from the fallout of the ongoing war with Iran.

UAE floated the idea of a currency swap line with officials from the Federal Reserve and the US treasury, including treasury secretary Scott Bessent.

The United Arab Emirates has opened discussions with U.S. officials about possible financial support if the war involving ...

The war doesn’t seem to have damaged the dollar’s global status. But that may reflect the US’s emergence as the top producer ...

The war in Iran is testing the dollar’s role as the currency for global oil trade, with one long-term consequence being a potential shift to using more Chinese yuan, according to Deutsche Bank.

China’s “petroyuan” system is a player in a way that it wasn’t before.