Bessent says ‘many’ U.S. allies have asked for currency swaps amid Iran war turbulence
The White House on Tuesday said the UAE had not requested a currency swap line.
Read MoreBessent Backs Financial Support for Oil-Rich U.A.E.
The Treasury secretary said that currency swap line would benefit both the United Arab Emirates and the United States.
Read MoreWhite House discussing currency swap line with United Arab Emirates
Such a move would provide liquidity in dollars to the oil-rich UAE, but could be politically tenuous for the administration amid higher prices at home.
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