UAE Suspends All Trade, Commercial and Financial Transactions With Iran

The United Arab Emirates Ministry of Foreign Affairs has announced a suspension of all trade, commercial and financial transactions with Iran, according to ChainCatcher. The ministry said the move was taken because of escalating regional tensions. At the same time, the UAE reiterated its commitment to dialogue, cooperation and the integrity of the international financial system. It also said the suspension will remain in place until further notice. The statement, as cited by ChainCatcher, did not provide a more specific timeline for when the measures could be reviewed or lifted. The announcement focuses on the scope of the suspension, covering trade, business and financial dealings with Iran, while linking the decision directly to the worsening regional situation.