The United Arab Emirates released billions of dollars in frozen Iranian assets as an olive branch to ward off further attacks, according to a report.

Four sources told Reuters that the UAE agreed to release $10 to $20 billion in frozen Iranian assets, $3 billion of which has been released, in exchange for Iran halting attacks against the Gulf country. After the article was published, the UAE’s Foreign Ministry came out with a strong denial, calling the report “entirely false and unfounded.”