In light of regional escalations that undermine regional and international peace and security, all trade, commercial exchanges, and financial transactions with Iran have been halted until further notice, the United Arab Emirates Ministry of Foreign Affairs (UAE MFA) has said in a statement.

The UAE MFA rejected all allegations regarding the state of the UAE’s economic relations with Iran and “reiterated the UAE’s steadfast commitment to dialogue, cooperation, and regional integration as essential means of advancing peace, stability, and prosperity in the region.”