UAE halts all trade and financial dealings with Iran

Abu Dhabi announced the suspension after Iran fired two ballistic missiles toward the country on Tuesday. The move severs ties with what had been a major trading partner for sanctioned Iran, as crude flow through the Strait of Hormuz has fallen to less than a quarter of pre-war levels.

The announcement comes after a period of relative calm in the UAE, with no Iranian missiles aimed at the country since May after it bore the brunt of attacks in the early weeks of the Middle East war

Abu Dhabi has accused Tehran of repeatedly targeting its tankers at sea in recent weeks.

The UAE is home to a sizeable Iranian community and has been a major trading partner for US-sanctioned Iran, at least before the war.

The UAE remains firmly committed to safeguarding the integrity of the international financial system, the foreign ministry said.

The United Arab Emirates announced on Tuesday that it had suspended all trade and financial dealings with Iran.

The United Arab Emirates accused Iran of firing two ballistic missiles at shipping in the Gulf on Tuesday, marking the first time in months the defense ministry warned of a missile threat to its territory. Iran denied the claim.

The United Arab Emirates accused Iran of firing two ballistic missiles at shipping in the Gulf on Tuesday, marking the first time in months the defense ministry warned of a missile threat to its territory. Iran denied the claim.