Currency
  • Loading...
Weather
  • Loading...
Air Quality (AQI)
  • Loading...

The United Arab Emirates has suspended trade and financial operations with Iran indefinitely, following the emirati authorities' claim of detecting two ballistic missiles launched from Iranian territory towards the country. The decision was announced by the UAE Ministry of Foreign Affairs, citing the deteriorating regional situation as a threat to peace and security. Further details on the restrictions remain undisclosed.

The UAE Ministry of Defense reported that its air defense systems detected two ballistic missiles fired from Iran. Later, the ministry clarified that, according to the emirati military assessment, the missiles were aimed at maritime shipping and fell into the sea. One landed outside the UAE's territorial waters, while the other fell within them.

Iran has denied any involvement in the missile launch. Foreign Ministry spokesman Esmail Baghaei called the accusations unfounded, stating they contradict the principles of good neighborliness and efforts to build trust among regional countries.

Abu Dhabi's decision adds a new layer of complexity to bilateral relations, which had seen attempts at de-escalation in recent months. Following the outbreak of the conflict between Iran and the US, with Israeli involvement, Tehran has struck regional countries hosting American military assets, including the UAE.

In June, Iran and the US, with Pakistan's mediation, signed a memorandum aimed at ending the conflict and reaching a long-term agreement. However, negotiations subsequently stalled over disagreements on terms and navigation through the Strait of Hormuz, a critical chokepoint for global energy supplies.

Earlier, Iran stated its readiness to use force to break the US naval blockade if Washington fails to fulfill the terms of previous agreements in the coming weeks. This latest development underscores the fragile state of regional security and the potential for further escalation.

Source: podrobno.uz