00:01The United Arab Emirates has severed economic ties with Iran by halting all trade, commercial
00:07exchange and financial transactions until further notice.
00:11The decision follows after Iran fired two ballistic missiles towards the country on
00:16Tuesday, which Abu Dhabi says were directed at shipping.
00:20Both of the missiles fell into the sea, one of them inside Emirati territorial waters.
00:26Tehran denied targeting the UAE, which has been a major trading partner for Iran.
00:32Abu Dhabi has previously slammed the targeting of commercial shipping in the Strait of Hormuz
00:36as a violation on the freedom of navigation and said Iran used the strait as a tool of
00:42economic coercion and blackmail.
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