UAE suspends all trade and financial activity with Iran

The foreign ministry cited regional escalation as the reason for halting commercial and financial exchanges until further notice.

Staff Writer
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Article summary

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The UAE has suspended all trade and financial transactions with Iran until further notice, citing regional escalation. The Ministry of Foreign Affairs said the move aligns with international law and the country's commitment to protecting the global financial system.

Key points

  • UAE halts all trade and financial transactions with Iran
  • Decision follows regional escalation threatening peace and security
  • Ministry reaffirms commitment to international financial system integrity

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The UAE has suspended all trade, commercial activity, and financial transactions with Iran until further notice, the Ministry of Foreign Affairs announced.

Afra Al Hamli, Director of Strategic Communication at the ministry, said the decision was taken in response to regional escalation that has undermined peace and security at both regional and international levels. She rejected what she described as inaccurate characterisations of the UAE-Iran economic relationship, while reaffirming the country’s commitment to dialogue, cooperation, and regional integration as the foundations for stability and prosperity.

Al Hamli said the UAE remains firmly committed to protecting the integrity of the international financial system, in line with international law and the highest global standards.