The UAE announced an indefinite suspension of all trade and financial transactions with Iran on August 19, severing a link that supplied over 30% of Tehran’s imports.
Tag: UAE
Posted inWorld
Drone strikes Barakah nuclear plant perimeter in first Gulf reactor attack
A drone breached UAE air defenses on May 17 to strike Barakah nuclear plant’s outer perimeter, causing no radiation leak but prompting IAEA alarm.
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The UAE quits OPEC after 59 years and sets course for five million barrels
Abu Dhabi’s exit from the oil cartel on May 1 removes OPEC’s third-largest producer and a member since 1967, freeing the UAE to exploit a capacity gap that has cost it roughly 1.35 million barrels of daily production under quota constraints.