The United Arab Emirates has suspended all trade and financial transactions with Iran after accusing Tehran of launching two ballistic missiles toward its territory on August 18, 2026. The missiles, which the UAE claims targeted maritime traffic, fell into the sea. Iran has denied the allegations, calling them baseless. The escalation follows the expiration of a 60-day US-Iran negotiating window and comes amid a tight US naval blockade, threatening a major economic blow to Iran's struggling economy.
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