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UAE's indefinite trade embargo puts further pressure on Iranian economy

UAE's indefinite trade embargo puts further pressure on Iranian economy

By GhanaSummary NewsroomPan-Africa

Early in the Iran-US conflict, the UAE regularly came under fire from Iran, and most trade between the countries, which had once been important trading partners, ground to a halt.

Iran’s state-run IRNA news agency reported that some maritime trade resumed in late June as hostilities eased.

Iran is heavily reliant on its neighbour for critical imports and access to financial markets, and Abdulla said the embargo “is going to be very painful for Iran as long as it lasts".

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