Archive · 19 Aug 2026
UAE Suspends Iran Trade After Alleged Missile Strikes
The United Arab Emirates says Iran fired two missiles near ships.
One reportedly landed in UAE waters, while the other fell into the sea outside them.
Iran says this accusation is baseless.
Because of the dispute, the UAE stopped trade and financial dealings with Iran.
Donald Trump said the United States is not currently holding or planning talks with Iran.
Iran’s foreign minister said the United States is now asking to negotiate on Iranian terms.
Iran’s parliament speaker said the Strait of Hormuz will remain closed until certain demands are met.
Oil prices rose as countries waited for possible efforts to reopen the strait and restart peace talks.
The United Arab Emirates accused Iran of firing two ballistic missiles at maritime traffic.
The UAE said one missile landed in its territorial waters and another fell outside them.
The UAE suspended trade, commercial exchange and financial transactions with Iran indefinitely.
Iran rejected the missile accusation, while Donald Trump said no talks with Tehran are scheduled.
Brent and WTI crude prices rose as mediators awaited a possible Iran-Oman agreement on the Strait of Hormuz.
- Who
- The United Arab Emirates, Iran, the United States, Qatar and Oman are involved in the developments.
- What
- The UAE suspended economic dealings with Iran after alleging missile strikes near maritime traffic; Iran denied the allegation, while disputes continued over negotiations and the Strait of Hormuz.
- When
- During the reported live updates; the articles do not specify an exact date.
- Where
- The alleged missile incidents occurred near the United Arab Emirates and the Strait of Hormuz is central to the wider dispute.
- Why
- The UAE cited alleged missile attacks, while Iran linked the strait’s closure to demands that the United States lift its naval blockade and sanctions and release frozen Iranian assets.
UAE, US and mediation position
Iranian position
Alleged missile strikes
UAE, US and mediation position
The UAE says Iran launched two ballistic missiles at maritime traffic, with one entering UAE territorial waters.
Iranian position
Iranian spokesman Esmaeil Baghaei rejected the accusation as baseless and said it damages neighbourly relations and regional trust.
Negotiations
UAE, US and mediation position
Donald Trump said no talks with Iran are taking place or scheduled. Qatar said mediators were awaiting a possible Iran-Oman transit agreement before pushing for renewed peace talks.
Iranian position
Iranian Foreign Minister Abbas Araghchi said Washington is begging to negotiate on Tehran’s terms after failing to force Iran’s surrender.
Strait of Hormuz and conditions
UAE, US and mediation position
The United States says its naval blockade remains in full force, while Trump said mines in the Strait of Hormuz have been cleared.
Iranian position
Iranian parliament speaker Mohammad Bagher Ghalibaf said the strait would remain closed until the United States lifts the blockade and sanctions and releases frozen Iranian assets.
- UAE accusation
- The UAE Defence Ministry said Iran launched two ballistic missiles at maritime traffic.
- Missile locations
- The UAE said one missile landed in its territorial waters and the other fell into the sea outside them.
- UAE response
- The UAE suspended all trade, commercial exchange and financial transactions with Iran until further notice.
- Iranian denial
- Iranian Foreign Ministry spokesman Esmaeil Baghaei called the accusation baseless.
- US position
- Donald Trump said no talks with Iran are taking place or scheduled and that the naval blockade remains in force.
- Iranian conditions
- Mohammad Bagher Ghalibaf said the Strait of Hormuz would stay closed until the United States lifts the blockade and sanctions and releases frozen Iranian assets.
- Oil prices
- Brent crude rose to $91.46 per barrel and WTI rose to $85.25 per barrel in the cited trading session.