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UAE Suspends All Trade, Financial Activity with Iran 'Until Further Notice'
The Foreign Ministry said the halt follows regional escalation that it says has threatened peace and security and disrupted maritime navigation.
- On Tuesday, the UAE Foreign Ministry suspended all trade and financial transactions with Iran until further notice. Director of the Strategic Communications Department at the UAE Ministry of Foreign Affairs Afra Al Hameli confirmed the halt, citing regional escalations.
- The Emirati Defense Ministry detected two Iranian ballistic missiles targeting maritime navigation, with one falling in Emirati territorial waters and the second in international waters. The ministry cited regional escalations as justification for the trade suspension.
- State media reported on Saturday that Iran attacked an Abu Dhabi National Oil Company vessel, marking the third such incident in less than a week. The UAE had recently accused Iran of targeting its state-owned oil tankers in the Strait of Hormuz.
- Senior government adviser Anwar Gargash stated last week that the Gulf state will defend its "rights to freedom of navigation" in the Hormuz Strait. The assertion signals Emirati resolve to maintain maritime access despite Iranian threats.
- Emirati President Sheikh Mohammed bin Zayed met Oman Sultan Haitham bin Tariq on Monday to discuss regional developments. The meeting occurred as Iran reached an agreement with Oman over a new shipping route through the Hormuz Strait.
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22 Articles
22 Articles
Ekstra Bladet+3 Reposted by 3 other sources
Regional escalation is the reason why the United Arab Emirates is suspending trade with Iran, it says
·Copenhagen, Denmark
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Iran denied that it had fired missiles at the United Arab Emirates on Tuesday. ...
·Brussels, Belgium
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The United Arab Emirates announced the suspension of all trade and financial transactions with Iran. (ANSA)
·Rome, Italy
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Coverage Details
Total News Sources22
Leaning Left2Leaning Right10Center4Last UpdatedBias Distribution62% Right
Bias Distribution
- 62% of the sources lean Right
62% Right
13%
C 25%
R 62%
Factuality
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