UAE cuts all trade and financial transactions with Iran

UAE cuts all trade and financial transactions with Iran
Tuesday 18 August 2026 - 22:25

The United Arab Emirates suspended all trade, commercial exchanges and financial transactions with Iran until further notice, the UAE Foreign Ministry said Tuesday.

Afra Al Hameli, the ministry’s strategic communications director, said regional developments threatened international peace and security. She gave no implementation details or exemptions.

Al Hameli said the UAE remained committed to dialogue while protecting the integrity of the international financial system and complying with international law.

The suspension follows UAE accusations that Iran attacked several vessels linked to state oil company ADNOC in the Strait of Hormuz last week.

Iran imported about $21 billion in goods from the UAE in 2024, accounting for 30.6% of its total imports, according to World Trade Organization data.

The UAE has long served as a commercial and financial gateway for Iranian businesses.

add your comment

Terms of publication : Not to offend the writer, people, sacred things, or attack religions or the divine self, and refrain from racist incitement and insults.

Politics
Purchasing power, health and reform: Morocco’s unions set demands for new government
Wednesday 7 October 2026 - 15:07

Purchasing power, health and reform: Morocco’s unions set demands for new government

News
Moroccan lawyers suspend strike after nearly five months of protest
Wednesday 7 October 2026 - 12:10

Moroccan lawyers suspend strike after nearly five months of protest

Sports
Morocco U19 Futsal Team Defeats Portugal 3-2 in Friendly
Wednesday 7 October 2026 - 10:42

Morocco U19 Futsal Team Defeats Portugal 3-2 in Friendly

Politics
As the October deadline nears, a rival voice in Tindouf wants in the Sahara process
Wednesday 7 October 2026 - 09:07

As the October deadline nears, a rival voice in Tindouf wants in the Sahara process