UAE suspends all trade and financial transactions with Iran

The United Arab Emirates (UAE) has suspended trade and all financial transactions with Iran, UAE Foreign Ministry Director of Strategic Communications Afra Al Hameli said in a statement.

The diplomat denied claims regarding the current state of economic relations between the two countries, Caliber.Az reports.

At the same time, she reaffirmed the UAE’s continued commitment to dialogue, cooperation and regional integration as key tools for strengthening peace, stability and prosperity in the region.

“In light of regional escalations that undermine regional and international peace and security, all trade, commercial exchanges, and financial transactions with Iran have been halted until further notice,” Al Hameli said.

The Foreign Ministry representative also stressed that the UAE remains committed to safeguarding the integrity of the international financial system in strict accordance with international law and the highest global standards.

By Jeyhun Aghazada