The American Times News | Economy, Geopolitics, Calculators

The United Arab Emirates has suspended trade, commercial exchanges and financial transactions with Iran until further notice after its defense ministry said two ballistic missiles launched from Iranian territory had targeted maritime traffic. Both missiles fell into the sea, according to the UAE, while Tehran rejected the allegation as baseless. The decision represents a significant setback for economic ties between the two countries, which have maintained important commercial links despite years of political and strategic tensions. The move comes as shipping through the Strait of Hormuz remains severely disrupted by the wider regional conflict. The consequences could therefore extend beyond UAE-Iran trade, affecting Gulf logistics, energy shipments, financial activity and companies that depend on the waterway for international commerce. Reuters reported that only a limited number of commercial vessels were passing through the Strait on August 18, highlighting the continuing uncertaint...