The United Arab Emirates (UAE) announced Tuesday it is cutting off trade with Iran after accusing it of firing two missiles toward the UAE.

Afra Al Hameli, director of the UAE’s Ministry of Foreign Affairs Strategic Communications Department, stated that “in the 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,” according to a statement posted to the ministry’s social media Tuesday.Ā 

Earlier that day, the UAE said that its armed forces detected two missiles launched from Iran that both landed in the water. Emirati air defense systems located Iranian ballistic missiles, with one landing outside of the nation’s territorial waters and another falling well within its territorial waters, according to the UAE’s defense ministry.

“The Ministry of Defence affirms that it remains on high alert and fully prepared to address any threats, and to respond firmly to any attempt aiming to undermine the security of the UAE, in a manner that safeguards its sovereignty, security and stability, and protects its interests and national capabilities,” the defense ministry said previously.

The launching of the Iranian missiles toward the UAE came as U.S.-Iranian negotiations seemed to have fallen apart. The war between the two countries is nearing the six-month mark, with the conflict stressing the global economy, straining American relations with historic allies, and raising oil and gas prices as it has gone on.

President Trump has recently lashed out at foes and allies alike as tensions with Iran put pressure on the global economy.

On Monday, the president issued a warning to Oman over its negotiations with Tehran, including developing new shipping lanes in the Strait of Hormuz. He threatened to “bomb the s‑‑‑” out of the nation if it stood in the way of U.S.-Iran talks to reopen the critical oil shipping lane.

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