UAE halts all trade and financial dealings with Iran after missile incident
The United Arab Emirates accused Iran of firing two ballistic missiles at shipping in the Gulf on Tuesday, marking the first time in months the defense ministry warned of a missile threat to its territory. Iran denied the claim.
The United Arab Emirates has halted all trade, commercial exchanges, and financial transactions with Iran. This decision was made in response to regional escalations that threaten peace and security, according to the UAE's Ministry of Foreign Affairs.
The move comes after the UAE accused Iran of firing two ballistic missiles at shipping in the Gulf, which Iran has denied. The UAE's director of strategic communications, Afra Al Hameli, stated that activities with Iran would be suspended until further notice.
The UAE remains committed to safeguarding the integrity of the international financial system, in line with international law and global standards. The country has been targeted by several attacks originating from Iran amid its tensions with the US.
Brief written by urgent.news from Le Monde English, Arutz Sheva - Israel National News, Middle East Eye, The National UAE, Arabian Business — 5 reports on this story. Machine-written — may contain errors; check the original before relying on it.
