Bessent says Gulf, Asian allies request swap lines, UAE and US would benefit from one - Reuters

<a href="https://news.google.com/rss/articles/CBMixwFBVV95cUxNVzVydFN0cG00a0JtTmhBX0NZTkRpQ3RJeUZ1VFJjaGVtMzR6UzFicEdmTXpJaEZYV09oRG45M3dIaVpTeHRSQVBUUHdfblRrNWhmQWNHLVBhWmpwOVlGNUJZeXlOY1lIazFOVG5KOGhreGdlY01QbENHclJieVFRSWtkNkNybnREZVZUZnl5dXJhZVo5MDVRb2FLV1FfVXFlaFVNRW1lRDBiaEdxb1dHT2poZUxUZkRib2JVaXo2SWtaaThfd0xj?oc=5" target="_blank">Bessent says Gulf, Asian allies request swap lines, UAE and US would benefit from one</a>&nbsp;&nbsp;<font color="#6f6f6f">Reuters</font>

U.S. Treasury Secretary Scott Bessent announced that several Gulf and Asian nations have requested currency swap lines from the U.S. to address energy shocks and other consequences of the Middle East conflict. He emphasized that such arrangements would stabilize financial markets and benefit both the U.S. and the United Arab Emirates.

Treasury Secretary Scott Bessent revealed that many Gulf and Asian nations have requested foreign exchange swap lines with the U.S., aiming to support dollar-denominated lending overseas and stabilize financial markets amid Middle East conflicts.

Scott Bessent, U.S. Treasury Secretary, stated that multiple Gulf and Asian countries have sought currency swap agreements to mitigate the effects of the Iran war. He highlighted that such facilities would help stabilize financial markets amid the turmoil.