UAE cuts trade ties with Iran as it eyes escalation options

The suspension of economic ties between the UAE and Iran comes amid the expiration of the MoU that was meant to open negotiations to end the war.

TEHRAN: Iran's armed forces warned Gulf countries against assisting the US military on Wednesday (Aug 19), hours after the United Arab Emirates announced it was severing economic ties with Tehran following new attacks on shipping.The Gulf is dotted with US military installations, including in the UAE, which said on Tue

The United Arab Emirates said it was cutting all economic ties with Tehran after accusing Iran of firing ballistic missiles at its territory, ramping up regional tensions.

A view of the Dubai city skyline. (AP Photo)The United Arab Emirates has suspended all trade, commercial exchanges and financial transactions with Iran after accusing Tehran of launching two ballistic missiles towards the Gulf state, marking a fresh deterioration in ties between the two countries amid renewed tensions