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The Economic Times
The Economic Times

UAE halts all trade, commercial exchanges and financial transactions with Iran until further notice

​The ​United Arab ​Emirates has suspended all ‌trade ⁠activities, ⁠exchanges ​and financial transactions ​with Iran until ​further ⁠notice, the country's ‌foreign ​ministry ​said ⁠in a statement on ​Wednesday, citing ​regional escalation that ‌it said undermined regional ​and ​international ⁠peace and security.

Direct cargo shipping between the Abu Dhabi and Tehran had only resumed in late June via Dubai’s Jebel Ali Port. The UAE had suspended direct shipping in early March, just days after the Middle East war began.

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