Key Points
- The White House is considering a financial lifeline to the United Arab Emirates as the U.S. war with Iran wreaks havoc on the Gulf state’s economy, a White House official told CNBC.
- Such a move would provide liquidity in dollars to the oil-rich UAE, but could be politically tenuous for the administration as U.S. consumers grapple with higher prices at home.
- The UAE is a particularly close ally of the Trump administration, and has labored to extend overtures to Washington since Trump returned to the White House.
