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Home›Global Markets›Trade & Tariffs›UAE suspends trade with Iran as Washington and Tehran…

UAE suspends trade with Iran as Washington and Tehran consider next steps

Reported · Written up by our desk · Trade & Tariffs

CNBC reports that the UAE has suspended trade with Iran as Washington and Tehran consider their next steps following negotiations that did not reach an agreement.

The outlets say Washington and Tehran are looking at how to proceed after the talks broke down, while Iran is reportedly weighing actions targeting European military targets.

The developments underscore how regional diplomatic and security decisions are starting to spill into cross-border commerce through the UAE trade halt with Iran.

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Sources

CNBC MarketsIran reportedly weighs attacks on European military targets as UAE severs trade with Tehran
CNBC WorldIran reportedly weighs attacks on European military targets as UAE severs trade with Tehran

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