{"id":5587,"date":"2026-08-19T19:45:31","date_gmt":"2026-08-19T19:45:31","guid":{"rendered":"https:\/\/crosscountrymovingteams.com\/?p=5587"},"modified":"2026-08-19T19:45:31","modified_gmt":"2026-08-19T19:45:31","slug":"uae-halts-all-trade-with-iran-after-new-missile-fire-in-gulf-cutting-off-a-key-export-route-for-tehran","status":"publish","type":"post","link":"https:\/\/crosscountrymovingteams.com\/?p=5587","title":{"rendered":"UAE halts all trade with Iran after new missile fire in Gulf, cutting off a key export route for Tehran"},"content":{"rendered":"<div>\n<p>Incoming ballistic missile fire triggered nationwide warnings Tuesday night for\u00a0UAE\u00a0residents to seek shelter, the first time in weeks such an alarm had sounded.<\/p>\n<p>Read more <a href=\"https:\/\/crosscountrymovingteams.com\/?p=5585\">How a DIY Adobe Illustrator design landed Rebel Creamery in a $23.8 million fight with Van Leeuwen<\/a><\/p>\n<p>Early in the conflict, the UAE regularly came\u00a0under intense fire from Iran, and most trade between the countries, which had once been important trading partners, ground to a halt. In late June, as hostilities eased, some maritime trade resumed, Iran\u2019s state-run IRNA news agency reported.<\/p>\n<div>\n<div>\n<div><\/div>\n<\/div>\n<\/div>\n<p>Beyond the trade in domestically produced goods, \u201cthe UAE has been very important for Iran as a re-export hub and has helped the country absorb some of the shocks caused by sanctions,\u201d Mohammad Farzanegan, a professor of Middle Eastern economics at Germany\u2019s University of Marburg, told The Associated Press.<\/p>\n<p>\u201cIran therefore depends heavily on the UAE, not because the UAE itself produces one-third of Iran\u2019s imports, but because it serves as a major gateway for Iran to access third-country goods and commercial infrastructure.\u201d<\/p>\n<h4>The UAE accuses Iran of firing missiles. Tehran denies it<\/h4>\n<p>Following the announcement that two ballistic missiles had been fired toward the UAE, both of which splashed down in the Persian Gulf late Tuesday, the Emirati Foreign Ministry said it decided to impose the punitive measures, while also saying it remained committed to \u201cdialogue, cooperation and regional integration.\u201d<\/p>\n<p>The step halted all trade and financial transactions \u201cuntil further notice,\u201d the ministry said in a statement.<\/p>\n<div>\n<div><\/div>\n<\/div>\n<p>The UAE Defense Ministry said assessments showed that the missiles targeted maritime traffic. It was not clear whether they targeted Emirati ships or the country\u2019s territorial waters.<\/p>\n<p>Iranian Foreign Ministry spokesperson Esmail Baghaei denied that Iran had launched any missiles toward the UAE.<\/p>\n<div>\n<div>\n<div><\/div>\n<\/div>\n<\/div>\n<p>As part of Iran\u2019s efforts to maintain a stranglehold over the Strait of Hormuz, it has\u00a0regularly attacked ships\u00a0attempting to use the waterway, including four tankers owned by Abu Dhabi\u2019s state-owned ADNOC oil and gas company over the past two weeks. None of the attacks caused injuries, but they brought harsh condemnation from the UAE and others in the region, including Kuwait and Bahrain.<\/p>\n<div>\n<div><\/div>\n<\/div>\n<p>Since the beginning of the conflict, nearly 20 ADNOC vessels have been attacked by missiles and drones in the Strait of Hormuz, killing one person and wounding another 20.<\/p>\n<div>\n<div><\/div>\n<\/div>\n<div>\n<div><\/div>\n<\/div>\n<p>Iran\u2019s ability to control traffic through\u00a0the strait, through which a fifth of traded oil and natural gas passed during peacetime, has proved its biggest strategic advantage in the war. While the U.S. and Israel \u2014 which launched the war on Feb. 28 \u2014 have given various aims, including toppling Tehran\u2019s government and ending its nuclear program, the conflict has\u00a0devolved into a fight over the strait.<\/p>\n<p>Read more <a href=\"https:\/\/crosscountrymovingteams.com\/?p=5583\">Fortune 500 companies got billions in tariff refunds. Here\u2019s who\u2019s giving customers a cut\u2014and who isn\u2019t<\/a><\/p>\n<p>U.S. President Donald Trump insisted Tuesday that the strait was \u201copen and operating\u201d and posted a map depicting it as a U.S. territory. Iranian Deputy Foreign Minister Kazem Gharibabadi called him a \u201cdeluded man.\u201d<\/p>\n<p>Ten vessels transited the strait Tuesday, according to the MarineTraffic website, fewer than a tenth the number that typically sailed through before the war began, when there were no restrictions.<\/p>\n<p>During the war, Iran has launched hundreds of ballistic missiles and thousands of drones in strikes that Tehran said were targeting U.S. assets but hit buildings in Dubai and Abu Dhabi, Dubai\u2019s commercial airport, ports and energy infrastructure.<\/p>\n<div>\n<div>\n<div><\/div>\n<\/div>\n<\/div>\n<div>\n<div><\/div>\n<\/div>\n<p>Iran has accused the UAE and other U.S. allies in the Gulf of facilitating American military attacks on Iran, and Iran\u2019s chief of staff, Gen. Ali Abdollahi, issued a new warning Wednesday to \u201ccountries on the southern shores of the Persian Gulf.\u201d<\/p>\n<p>\u201cAny assistance or facilitation provided to the aggressor U.S. military amounts to participation alongside U.S. military forces,\u201d he said in a statement distributed by Iran\u2019s semiofficial Fars news agency.<\/p>\n<h4>The UAE embargo could put new pressure on Iran<\/h4>\n<p>Before the war, the UAE was one of Iran\u2019s biggest trade partners, providing more than 30% of its imports valued at some $21 billion, according to the World Trade Organization\u2019s latest figures from 2024. It was the destination for nearly 13% of its exports worth some $7 billion.<\/p>\n<p>The embargo carries its own risks, however, Farzanegan said.<\/p>\n<div>\n<div><\/div>\n<\/div>\n<p>\u201cAs a relatively small country seeking to remain a regional hub for business and finance while attracting tourists and investors, the UAE depends heavily on regional stability,\u201d he said. \u201cAny major conflict with Iran can therefore cause substantial damage to its economy.\u201d<\/p>\n<p>The Emirati announcement comes as the U.S. prepares to\u00a0apply new economic pressure\u00a0on Iran. Speaking last week, Treasury Secretary Scott Bessent said the measures would be a combination of economic isolation and the continued blockade of Iranian ports.<\/p>\n<div>\n<div>\n<div><\/div>\n<\/div>\n<\/div>\n<p>The economic pressure follows the intense bombing campaign that targeted industrial and civilian infrastructure in addition to military targets. Already the International Monetary Fund forecasts inflation of nearly 70% this year in Iran and an economic contraction of 5.4%. Meanwhile, its rial currency has hit record lows.<\/p>\n<p>Read more <a href=\"https:\/\/crosscountrymovingteams.com\/?p=5581\">How KFC and Taco Bell\u2019s top technologist is embracing AI and automation across 63,000 restaurants<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Tehran denies launching the missiles that triggered Tuesday&#8217;s alert, as Iran&#8217;s economy already reels from sanctions and a blockade of its ports<\/p>\n","protected":false},"author":1,"featured_media":5586,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[103],"tags":[],"class_list":["post-5587","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-iran"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>UAE halts all trade with Iran after new missile fire in Gulf, cutting off a key export route for Tehran - 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