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UAE's financial embargo on Iran after missile threat puts rivalry back in spotlight

  • The UAE has suspended all financial and commercial ties with Iran after detecting two ballistic missiles it says were launched from Iran and triggered public safety alerts, though the missiles fell into the sea.
  • Iran rejects the UAE's claim; the move follows months of attacks (including a May strike on Fujairah) and repeated attacks on vessels — some hitting ADNOC ships — raising concern for Gulf energy traffic.
  • The decision comes as U.S.–Iran peace talks stalled and continued disruptions in the Strait of Hormuz worry global markets and risk further regional escalation.
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