The United Arab Emirates has suspended trade with Iran following reports of Iran launching two ballistic missiles at the UAE. This decision marks an escalation of regional tensions in the context of ongoing confrontations between Iran, the UAE and the United States. Tehran has denied targeting the UAE, while diplomatic channels remain open to pursue negotiations between the United States and Iran. Market participants are now pricing in a potential full airspace closure by Iran, adding to the uncertainty in the Gulf region.
Source: Read the original article
