UAE severs trade with Iran after reported missile strike
Washington and Tehran are considering next steps after negotiations fell apart, while the UAE has suspended trade with Iran.
TL;DR
- UAE has suspended all trade and financial transactions with Iran.
- Two ballistic missiles were reportedly launched from Iran toward UAE waters but caused no damage.
- U.S.-Iran ceasefire and Strait of Hormuz agreement talks are stalled.
- President Trump confirmed the U.S. is not in talks with Iran.
- Iran is reportedly considering attacking U.S. military targets in Europe if the war escalates.
- Trump has also issued threats towards Oman and ordered a reduction in joint drills with South Korea.