- The UAE has suspended trade with Iran after reporting two ballistic missiles were launched from the country toward its territorial waters.
- The United Arab Emirates said it had paused all trade and financial transactions with Iran, after reporting that two ballistic missiles were launched from the country toward its territorial waters.
- Both missiles fell into the water and caused no damage or casualties, the UAE said on Wednesday.
- The UAE said it had taken the step to indefinitely suspend trade "in light of regional escalations that undermine regional and international peace and security."
- The United Arab Emirates suspended all trade with Iran on Wednesday after the UAE said it had come under renewed fire from the country — a move that will further isolate the Islamic Republic, which is suffering under U.S. sanctions and a blockade.
- Incoming ballistic missile fire triggered nationwide warnings Tuesday night for UAE residents to seek shelter, the first time in weeks such an alarm had sounded.
- Following the announcement that two ballistic missiles had been fired toward the UAE, both of which splashed down in the Persian Gulf late Tuesday, the Emirati Foreign Ministry said it decided to impose the punitive measures, while also saying it remained committed to 'dialogue, cooperation and regional integration.'
- The step halted all trade and financial transactions 'until further notice,' the ministry said in a statement.
- Before the war, the UAE was one of Iran’s biggest trade partners, providing more than 30% of its imports valued at some $21 billion, according to the World Trade Organization’s latest figures from 2024.
The United Arab Emirates has indefinitely suspended all trade and financial transactions with Iran following the launch of two ballistic missiles toward its territorial waters. The missiles, which fell harmlessly into the Persian Gulf, triggered nationwide warnings for residents to seek shelter, marking a significant escalation in regional tensions.256
The Emirati Foreign Ministry stated that the decision to halt trade was made in light of "regional escalations that undermine regional and international peace and security." This move further isolates Iran, which is already facing severe U.S. sanctions and a blockade. Before the conflict, the UAE was a major trade partner for Iran, accounting for over 30% of its imports, valued at approximately $21 billion according to the World Trade Organization.9
Iran's Foreign Ministry spokesman, Esmail Baghaei, denied the allegations of missile launches, asserting that Tehran did not target the UAE. Despite the tensions, the UAE emphasized its commitment to "dialogue, cooperation and regional integration" even as it implements these punitive measures.
The situation remains fluid, with the UAE's actions reflecting a broader concern over security in the region as military threats escalate.
“The UAE's decision to halt trade comes after nationwide warnings were issued for residents to seek shelter due to missile threats, marking a significant escalation in regional tensions. Before the conflict, the UAE accounted for over 30% of Iran's imports, valued at approximately $21 billion.”
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