Financial Ports

UAE Cuts All Trade With Iran After Missile Strike—Strait of Hormuz on Edge

CLAVE 1 / 4The UAE accused Iran of launching two ballistic missiles toward its territory on Tuesday, both landing in the sea without causing damage.

CLAVE 2 / 4An emergency alert was issued across the UAE at 6:30 p.m. local time, lifted after 10 minutes, with authorities confirming the situation was safe.

CLAVE 3 / 4Iran’s Foreign Ministry spokesperson Esmaeil Baghaei dismissed the allegations as "baseless," warning they could undermine regional trust-building efforts.

CLAVE 4 / 4The UAE has halted all trade, commercial exchanges, and financial transactions with Iran until further notice, marking a sharp escalation in tensions.

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