UAE has denied any need for U.S. financial assistance despite losing billions in oil revenue due to the Strait of Hormuz blockade. The country’s officials say its sovereign wealth and reserves provide sufficient liquidity to weather the current shock. Gulf producers normally enjoy windfall earnings when oil prices hit $100 a barrel, but the Iran‑led war has trapped most shipments in the Strait of Hormuz, leaving the region with a cumulative loss of oil and gas revenue. The UAE , one of the richest Gulf states, has also seen tourism decline and infrastructure damage, including a major gas field outage. The UAE ’s central bank governor, Khaled Mohamed Balama, highlighted that the country holds more than $2 trillion in sovereign investment assets, over $300 billion in foreign‑currency reserves, and a banking sector with roughly $1.5 trillion in deposits. Meanwhile, the Shah gas plant, operated by ADNOC Sour Gas—a joint venture with 60% ownership by ADNOC and 40% by Occidental Petroleum —provides about 20% of the UAE ’s gas supply and 5% of the world’s granulated sulfur. In the first eight weeks of the conflict, Gulf oil producers have lost at least $15.1 billion in revenue, and the world has already lost 500 million barrels of oil supply, equating to roughly $50 billion at $100 a barrel. The UAE ambassador to the United States, Yousef Al Otaiba, said that “Any suggestion that the UAE requires external financial backing misreads the facts.” A White House official told CNBC that a currency swap “is something we’re thinking about considering.” President Donald Trump added on CNBC’s “Squawk Box” that “If I could help them, I would,” and praised the UAE as a good ally. Meanwhile, Scott Bessent has met with UAE officials to discuss the possibility of a preliminary, precautionary swap line, though no formal request has been made. With the war still ongoing, the UAE ’s energy sector will likely focus on repairing damaged infrastructure and restoring the Shah gas plant’s output. The country’s robust financial position and the U.S. willingness to provide liquidity support give it a buffer against further revenue shocks, positioning the UAE to stabilize its oil and gas markets as the conflict evolves.