UAE's financial embargo on Iran after missile threat puts rivalry back in spotlight

DUBAI, Aug 19 - The United Arab Emirates' decision to suspend all financial and economic transactions with Iran until further notice, citing amilitary escalation by Tehran with a missile threat, has refocused the spotlight on fraught ties between the major Gulf Arab oil producer and Iran. The UAE, a close U.S. ally and regional power, was the Gulf state most heavily hit by Tehran during the early stages of the Middle East war. However, the last reported attack on UAE soil was the May 4 strike…