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Commodities

UAE Freezes Trade With Iran After Missiles Fall Near Its Coast

Oilprice.com · 1h ago · 🇦🇪 United Arab Emirates

UAE Freezes Trade With Iran After Missiles Fall Near Its Coast

The United Arab Emirates (UAE) is halting all trade, financial, and commercial ties with Iran until further notice, after saying Tehran had fired ballistic missiles targeting its territory. Late on Tuesday, the UAE’s Defense Ministry said that “assessments revealed the two ballistic missiles detected, originating from Iran, were targeting maritime navigation and fell into the sea.” A few hours earlier, the ministry had announced that the UAE’s air defense systems detected two ballistic missiles launched from Iran towards…

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