UAE Imposes Indefinite Trade Embargo, Increasing Pressure on Iran’s Economy
The United Arab Emirates has suspended all trade, commercial exchanges and financial transactions with Iran indefinitely, dealing another blow to an economy already weakened by sanctions, war and disruptions around the Strait of Hormuz. The UAE announced the decision after accusing Iran of launching two ballistic missiles towards the country. Tehran has denied responsibility for the alleged attacks. The move follows renewed tensions between the two neighbours and a nationwide […]
