The UAE just slapped Iran with a trade suspension after reporting another ballistic missile attack—targeting shipping, Iran denies it. With billions in annual trade already cut off, this move amps up economic pressure on Tehran, which is already reeling from U.S. sanctions, soaring inflation, and a collapsing currency. As Iran leverages the Strait of Hormuz for strategic strikes—including oil tanker attacks—the region braces for escalating tensions, with more U.S. economic measures looming.
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