'All trade, commercial exchanges halted': How UAE responded to Iran's latest missile attack

The United Arab Emirates has suspended all trade, commercial exchanges, and financial transactions with Iran following accusations of two ballistic missile launches from Tehran towards the Gulf state. This marks a significant setback in efforts to ease tensions between the two nations. The UAE's defence ministry detected the missiles on Tuesday, which were later determined to have targeted maritime traffic.

One missile fell into the sea outside UAE's territorial waters, while the other fell within it, with no reported damage or injuries. The UAE foreign affairs ministry announced the cessation of economic engagement with Iran until further notice, a move that threatens to reverse the gradual restoration of economic and diplomatic relations.