Luke Gromen: U.S. grants swap lines to UAE to prevent disorderly sale of assets

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Iryna Sazhynska

22.04.2026

Luke Gromen: U.S. grants swap lines to UAE to prevent disorderly sale of assets — U.S. swap lines offered to UAE

Luke Gromen highlighted a recent exchange between U.S. Secretary Bessent and officials from the United Arab Emirates. According to Gromen, the UAE had threatened to price oil and gas sales in CNY unless the U.S. provided USD swap lines. Secretary Bessent responded by agreeing to supply the requested swap lines to prevent a disorderly sale of U.S. assets.

This tweet from Gromen underscores the intersection of currency stability and geopolitics in global energy markets.

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But we saved everything 🙂.

Gromen previously examined how the 10-year U.S. Treasury yield and oil prices performed following Secretary Bessent’s February 2025 remarks on the energy market, as detailed here. He has also signaled increasing risks as U.S. 10-year Treasury yields neared a level that could raise global debt concerns, according to his analysis here. The latest exchange involving Bessent and the UAE adds to these ongoing developments.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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