The United Arab Emirates has suspended trade with Iran after a series of reported missile strikes targeting the UAE, according to a report from TIME. The strikes, which occurred during the initial weeks of an unspecified conflict, hit military, energy, and civilian infrastructure within the UAE.
Iran's Islamic Revolutionary Guard Corps (IRGC) had previously vowed to "punish aggressors throughout the region," with stated intentions to target U.S. military assets stationed in the UAE and other Gulf states.
This trade suspension could have significant repercussions for Iran's already strained economy, an expert told TIME. The decision comes as peace talks between the United States and Iran have reportedly made little progress in recent weeks.
President Donald Trump stated Tuesday that "there are no talks or conversations going on, or scheduled," between the U.S. and Iran. He also reaffirmed that the naval blockade on Iranian ports and vessels remains in place, despite ongoing claims that the Strait of Hormuz is "open and operating."