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UAE Suspends Trade and Financial Transactions With Iran
The suspension follows the detection of two ballistic missiles from Iran, and the UAE said the halt will stay in place until further notice.
- 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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UAE’s financial embargo on Iran after missile threat puts rivalry back in spotlight
DUBAI, Aug 19 - The United Arab Emirates' decision to suspend all financial and economic transactions with Iran until further notice, citing a military escalation by Tehran with a missile threat, has refocused the spotlight on fraught ties between the ...
UAE's financial embargo on Iran after missile threat puts rivalry back in spotlight
The United Arab Emirates' decision to suspend all financial and economic transactions with Iran until further notice, citing a military escalation by Tehran with a missile threat, has refocused the spotlight on fraught ties between the major Gulf Arab oil producer and Iran.
·London, United Kingdom
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Associated Press News+11 Reposted by 11 other sources
United Arab Emirates suspends trade with Iran after coming under renewed missile fire
The United Arab Emirates has suspended all trade with Iran after it said it had come under renewed fire from the country.
·New York, United States
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Coverage Details
Total News Sources122
Leaning Left19Leaning Right29Center24Last UpdatedBias Distribution40% Right
Bias Distribution
- 40% of the sources lean Right
40% Right
L 27%
C 33%
R 40%
Factuality
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