UAE Halts Trade With Iran Amid Missile Strikes; NATO Warns of Retaliation

The United Arab Emirates has announced a complete embargo on all transactions with Iran, marking a significant shift in regional economic ties. This move comes as the UAE reports being targeted by missile strikes, prompting NATO to declare its readiness to defend allies.

Iran has also issued threats of retaliation against any nuclear attack and warned Gulf states against aiding the United States. These developments occur as Iran's control over the Strait of Hormuz appears to be diminishing, and a 60-day negotiation period with the U.S. has concluded without a deal, highlighting growing divisions within Tehran regarding diplomacy. Meanwhile, Russia and Iran are reportedly exploring the Caspian Sea as a new logistics corridor to circumvent Western naval power, potentially facilitating the exchange of large cargo volumes.