Bessent says Gulf, Asian allies request swap lines, UAE and US would benefit from one
- Posted on April 23, 2026
- By Business News Today
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- 1 min read
Bessent says Gulf, Asian allies request swap lines, UAE and US would benefit from one
America's Treasury Secretary Scott Bessent revealed that Gulf and Asian nations seek currency swap lines from the US. These requests aim to manage energy shocks and Middle East war impacts. The US also extended sanctions relief on Russian oil for vulnerable countries. This move aims to stabilize oil markets and prevent price surges.
