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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Tehran, through the spokesman for the Foreign Ministry, Esmail Baqai, " categorically rejected the claim of the United Arab Emirates that Iran had launched a missile into that country" Read
The decision of the United Arab Emirates was announced after they detected the launch of two Iranian missiles against their territory. Trade is suspended until "new warning".
The Emirates suspended all trade and financial transactions with Tehran until further notice.
U.S. President Donald Trump wrote on Tuesday that "no discussion is taking place at this time or is scheduled with Iran." For his part, Tehran maintains its lock on the Strait of Ormuz, positions that illustrate the impasse in the conflict. The United Arab Emirates accused Iran of having fired two ballistic missiles, and then announced that it would suspend all "trade" and "financial transactions" with the Islamic Republic.
The United Arab Emirates (UAE) suspends, until further notice, all its trade relations, trade and financial transactions with Iran.
Ekstra Bladet
Regional escalation is the reason why the United Arab Emirates is suspending trade with Iran, it says
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