The United Arab Emirates has suspended all trade, commercial exchanges and financial transactions with Iran until further notice, according to the UAE Foreign Ministry.
UAE Foreign Ministry official Afra Al Hameli, Director of the Strategic Communications Department, said the decision was taken in light of regional escalations and concerns over regional and international peace and security. She also said the UAE remained committed to protecting the integrity of the international financial system in accordance with international law and global standards.
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The UAE has suspended trade, commercial exchanges and financial transactions with Iran until further notice.
The UAE cited regional escalations and threats to regional and international peace and security.
UAE air-defence systems detected two ballistic missiles that the UAE said were launched from Iran
The UAE Defence Ministry later said the missiles were assessed to be targeting maritime navigation and had fallen into the sea.
Iran has denied launching the missiles.
The UAE said it remains committed to dialogue, cooperation and regional integration. The development comes amid continuing tensions affecting shipping in and around the Strait of Hormuz.
The announcement followed a statement from the UAE Defence Ministry that its air-defence systems had detected two ballistic missiles launched from Iran. The ministry later said its assessment found that the missiles were targeting maritime navigation and that both fell into the sea.
Iran has categorically denied the UAE's allegation that it launched a missile towards the country. Iranian Foreign Ministry spokesperson Esmaeil Baqaei described the accusation as harmful to regional trust and security efforts.
The UAE said it remains committed to dialogue, cooperation and regional integration as means of promoting peace and stability
