UAE Suspends Iran Trade

The UAE cut trade with Iran after accusing Tehran of launching missile attacks.

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Updated Aug 19, 6:56pm ET

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The United Arab Emirates halted all trade, commercial exchanges and financial transactions with Iran after accusing Tehran of launching two ballistic missiles toward Emirati waters and shipping lanes. The UAE said both missiles fell into the sea, causing no damage or casualties; Iran denied firing them and suggested the incident could be a false-flag operation. The move cuts off Iran’s most important regional trading partner and a commercial channel that had remained significant despite U.S. sanctions.

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