Trump says US administration weighing currency swap with UAE as Iran war rattles oil-rich economies
- Posted on April 21, 2026
- By Business News Today
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- 1 min read
Trump says US administration weighing currency swap with UAE as Iran war rattles oil-rich economies
America's President Donald Trump is exploring a currency swap with the United Arab Emirates. This move aims to assist the Middle Eastern ally in securing US dollars. The UAE's oil-rich economy faces challenges due to the ongoing Iran conflict. President Trump expressed willingness to help his ally. The UAE's oil exports have been impacted by the Strait of Hormuz closure.
