Conflict · UAE trade freezeUAE Cuts All Trade With Iran After Missiles Fall in Its WatersAired August 19, 2026 at 5:54 PM UTCWritten September 7, 2026 at 9:22 PM UTCRead the write-upThis storyTranscript · LOADING0:00The United Arab Emirates has halted all0:01[music] trade, commercial exchange, and0:03financial transactions with Iran until0:05further notice after two ballistic0:07missiles were fired [music] toward the0:09UAE on Tuesday. Both missiles fell into0:11the sea with one inside Emirati0:13territorial waters, and there has been0:15no report of damage, casualties, or0:17disruption to shipping. The launches0:19were described as directed at shipping,0:21and Iran has denied targeting the UAE, a0:23direct collision of accounts that leaves0:25the intent and target in dispute. The0:27freeze severs one of Iran's most vital0:30economic lifelines. Two-way goods trade0:32[music] was about $28 billion in 2024,0:36with about $21 billion of goods moving0:38into Iran, more than 30% of Iranian0:41imports,0:41>> [music]0:42>> and about $7.2 billion moving out,0:44making the UAE Iran's largest [music]0:46non-oil trading partner and second0:48largest overall after China, with0:50Dubai's ports and banks serving as the0:52conduit for re-exports, machinery,0:54electronics, [music] and foreign0:56exchange under sanctions. The wider risk0:58runs through the Strait of Hormuz.1:00>> [music]1:00>> The narrow waterway carries about a1:01fifth of the world's oil and a fifth of1:03its liquefied natural gas,1:05>> [music]1:05>> and the UAE has previously condemned1:07targeting commercial shipping there as a1:09violation of freedom of navigation. The1:11full account of the launches and the1:13halt comes from a single video report1:14relaying official statements, and what1:16is not yet confirmed independently1:18includes the exact launch trajectories1:20and splashdown points, the enforcement1:22rules, exemptions, and timelines for1:23existing contracts and bank transfers,1:25whether any vessels were actually1:27endangered, and how long an indefinite1:29halt and the risk to Gulf shipping will1:30last. Like and follow for more stories1:33that matter.Explore with HeyDexThe shortThe short ↗