India, Aug. 19 -- The United Arab Emirates has suspended all trade and financial transactions with Iran amid the ongoing regional conflict, the UAE Ministry of Foreign Affairs said.

Afra Al Hameli, Director of the Strategic Communications Department at the UAE Ministry of Foreign Affairs, said in a statement that the decision was taken in response to the escalating regional tensions.

"In light of regional escalations that undermine regional and international peace and security, all trade, commercial exchanges, and financial transactions with Iran have been halted until further notice," Al Hameli said.

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