The United Arab Emirates and Turkey have barred Iran's two largest private lenders from operating and grounded Iranian airlines. The UAE also suspended all trade, commercial exchanges, and financial transactions with Iran following alleged missile strikes against maritime traffic and UAE territory. The UAE Foreign Ministry confirmed the measures will remain active until further notice.
The United Arab Emirates and Turkey have barred Iran's two largest private lenders from operating and grounded Iranian airlines, Newsmax reported. The UAE suspended all commercial exchanges, trade, and financial transactions with Iran following missile attacks on maritime traffic and UAE territory. The UAE Foreign Ministry stated that these restrictive measures will remain in force until further notice.
The United Arab Emirates and Turkey have barred Iran's two largest private lenders from operating and grounded Iranian airlines amid an intensifying US economic pressure campaign. The UAE also moved to halt commercial exchanges and financial transactions with Tehran following maritime security tensions. The measures target a critical trade partner that supplied 31% of Iran's imports in 2024.
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