Why Conflict Gold Sanctions Fail

In April 2026, over a month after the United States launched its attack on Iran, leading to thousands of reprisal strikes across the Gulf, the United Arab Emirates shut down a network of money changers connected to the Islamic Revolutionary Guard Corps. Iranian exchange houses and the shell companies built around them — vehicles for laundering billions in offshore Dubai-based holdings and funneling funds to help Iran evade sanctions — are reported to have knowingly operated on Emirati soil for over a decade.Washington’s pivotal Gulf ally proved useful in the fallout of the Ir