The Indian government has condemned a projectile strike on the Panama-flagged oil tanker MT On Peace, owned by Dubai-based company Onex, in the Strait of Hormuz. Twelve crew members were injured, including 11 Indian nationals, and were evacuated to Oman for treatment. India's Ministry of External Affairs called for an immediate cessation of attacks on commercial shipping in the region.
The Wall Street Journal reports that a cockpit attack aboard a FlyDubai flight to Tel Aviv has introduced new risks to Dubai's economy. The incident delivered a setback to the emirate's image as a haven insulated from regional Middle East conflict. FlyDubai has suspended services to Israel amid ongoing investigations into aviation security and crew vetting.
US Treasury Secretary Scott Bessent stated that global enforcement efforts have prompted regional measures against Iranian banking and aviation sectors. The UAE General Civil Aviation Authority suspended all Iranian carrier flights, while the Central Bank of the UAE implemented regulatory actions against local branches of Bank Melli. Authorities in Turkey and Oman also enacted flight and banking restrictions amid US warnings of secondary sanctions.
US Treasury Secretary Scott Bessent claimed that global diplomatic efforts to economically isolate Iran are showing results following recent banking and aviation curbs. The UAE has suspended all flights by Iranian airlines and blocked transactions through local branches of Iran's Bank Melli. Turkey and Oman have halted Mahan Air flights, while smaller Iranian carriers continue operating routes to China.
Policy updates, China–UAE business news and industry insights, delivered to your inbox.
Membership
Tell us about your experience and connection to UAE–China business. UECN assesses your application and offers the right membership category — fees are shared privately with your offer.
We send you a one-time sign-in link — your answers are saved as you go.
