The United Arab Emirates has suspended trade, commercial exchanges and financial transactions with Iran until further notice.
The UAE Ministry of Foreign Affairs announced the decision on Wednesday, August 19. According to the ministry, the measure follows growing regional tensions affecting peace and security.
Foreign Ministry spokesperson Afra Al Hameli said the suspension covers several areas of economic activity with Tehran. These include trade activities, commercial exchanges and financial transactions between the two countries.
The decision represents a significant development in relations between the UAE and Iran. It follows a period of heightened tensions involving reported security incidents in the region.
According to the reference information, UAE authorities recently reported detecting two ballistic missiles allegedly launched from Iran.
Officials said one missile fell into the sea outside UAE territorial waters. The second missile reportedly landed within UAE waters, according to the available information.
However, Iran has denied responsibility for the alleged missile incident. The competing claims have added to tensions between the two countries.
The latest economic measures also follow another reported incident involving a vessel in the Strait of Hormuz. The UAE recently accused Iran of attacking a vessel operated by Abu Dhabi National Oil Company.
According to UAE authorities, the ADNOC-operated vessel was travelling through the Strait of Hormuz when the incident occurred.
Officials said no injuries were reported following the alleged attack. The UAE subsequently called on Tehran to stop attacks and ensure freedom of navigation through the strategic waterway.
The Strait of Hormuz is an important shipping route connecting the Persian Gulf with international waters. Developments affecting the waterway can have wider implications for regional trade and maritime transportation.
The UAE government has linked its latest decision to concerns about escalating tensions and regional security. The suspension will remain in place until further notice, according to the Foreign Ministry announcement.
The reference information does not specify when trade and financial transactions could resume. It also does not provide further details about possible exemptions or specific implementation procedures.
Businesses and financial institutions affected by the announcement may therefore need to follow further official guidance. The move adds a new economic dimension to the recent deterioration in relations between the two countries.
Further developments will depend on diplomatic relations and any additional measures announced by the respective governments.
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For now, the suspension covers trade, commercial exchanges and financial transactions with Iran until further notice.
