UAE freezes all trade, financial dealings with Iran after missile attack

News - South China Morning Post · Aug 18, 2026

The United Arab Emirates has said it is suspending all trade and financial dealings with Iran after reporting an Iranian missile attack directed at its ships. The announcement comes after a period of relative calm in the UAE, with no Iranian missiles aimed at the country since May after it bore the brunt of attacks in the early weeks of the Middle East war. Abu Dhabi has, however, accused Tehran of repeatedly targeting its tankers at sea in recent weeks. “In light of regional escalations … all...