UAE Halts All Trade and Financial Transactions with Iran
The UAE has suspended all trade, commercial exchanges and financial transactions with Iran until further notice, citing regional escalation.
The United Arab Emirates announced a halt to all trade, commercial exchanges and financial transactions with Iran until further notice, according to a foreign ministry statement.
The decision was attributed to regional escalation that the UAE says undermines regional and international peace and security. No timeline was given for lifting the suspension.
- All trade with Iran halted until further notice
- Commercial exchanges and financial transactions suspended
- UAE cites regional escalation as the reason
Source: First Squawk