UAE Suspends Trade and Financial Transactions With Iran
The halt follows missile warnings that the UAE said targeted maritime traffic, and officials said nearly 20 ADNOC vessels have been attacked since the war began.
- 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.
243 Articles
243 Articles
UAE cuts Iran trade amid threats by Tehran, Trump
What happenedThe United Arab Emirates said Wednesday it had halted “all trade, commercial exchanges and financial transactions” with Iran “until future notice” due to “escalations that undermine regional and international peace and security.” Hours earlier, the UAE had accused Tehran of firing two missiles into its territory. Iran’s Foreign Ministry called that accusation “baseless” and possibly a “false flag operation.” Iranian Gen. Ali Abdolla…
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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.
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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