UAE Suspends Trade and Financial Transactions With Iran
The move follows ballistic missile alerts and could further squeeze a trade relationship that handled more than 30% of Iran’s imports before the war, officials said.
- 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.
238 Articles
238 Articles
Radio France Internationale
Bangkok PostWhat's behind the UAE's decision to cut Iran trade ties?
It is unclear when the suspension came into place or exactly what prompted it, with the UAE only citing "regional escalations". Experts have said that the UAE is sending a message to Iran, which has ramped up attacks on Emirati tankers in the Strait of Hormuz, while also signalling alignment with the United States -- although halting trade is expected to do little in the way of curbing illicit flows of sanctioned oil money. How big was UAE-Iran …
Oil Embargos Are Squeezing the Iranian Economy * The Gateway Pundit * by Antonio Graceffo
The United Arab Emirates announced an indefinite trade and financial embargo on Iran on August 19, after its Defense Ministry said it detected two ballistic missiles fired from Iran toward "maritime traffic" in the Gulf, one of which fell inside Emirati waters. The post Oil Embargos Are Squeezing the Iranian Economy appeared first on The Gateway Pundit.
UAE Halts All Trade And Commercial Exchanges With Iran Over Alleged Missile Attack
Image for representation purposes only The United Arab Emirates has suspended all trade, commercial exchanges and financial transactions with Iran until further notice after accusing Tehran of launching two ballistic missiles towards the country. The UAE Defence Ministry said its air defence systems detected two missiles launched from Iran on Tuesday. It said the missiles appeared to be targeting maritime traffic. Both missiles fell into the sea…
Disentangling UAE-Iran economic ties could prove difficult
Cutting Iran off completely from the UAE could deal a serious blow to the Islamic Republic’s economy — but experts say disentangling the pair’s commercial ties could prove difficult. The UAE was Iran’s largest source of imports before the war, ahead of China, with two-way trade worth roughly $28 billion in 2024, according to the World Trade Organization. Further disruption could weaken the rial, push inflation toward triple digits, and deepen an…
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