UAE suspends all trade with Iran after ballistic missile attack
The UAE has suspended all trade, commercial exchanges and financial transactions with Iran until further notice, citing regional escalation that it says threatens peace and security, after Iranian ballistic missiles targeted maritime navigation in the region.
The Foreign Affairs Ministry announced the suspension following confirmation by the UAE Defence Ministry that two ballistic missiles launched from Iran were detected on Tuesday, both of which fell into the sea. It was the first Iranian strike on the Emirates since an attack on Fujairah port in early May.
The UAE has blamed Iran for targeting at least three Adnoc-linked vessels transiting the Strait of Hormuz since the start of last week, part of a broader pattern in which more than 15 vessels have been attacked since the war began. Iran's foreign ministry dismissed the accusations as "baseless."
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Muhammad Ali Bandial