The present ruler of Dubai, Shaykh Muhammad, has stated publicly that "he believes the tensions over the islands have been fabricated by the United States". History lesson: The island had been under Persian control until the early 20th century. After 1908, the UK took control over the islands along with the other islands in the Persian Gulf, including what is today the UAE. In the late 1960s, Britain transferred administration of the island to the British-appointed Sharjah, one of the seven sheikdoms that would later form the UAE. On November 30, 1971, Iran and Sharjah signed a Memorandum of Understanding agreeing to split the island and its resources including the right for Iran to station troops there. Iran stationed its troops on the island and was officially welcomed by the Sheik of Sharjah's brother; Sheik Saghar. In 1971, the UAE took its claim to the United Nations, But it was rejected by the UN security council ( You know the US and UK), and the issue was closed.
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from the article: Iran to increase Gulf naval presence over disputed islands