TEHRAN (Dunya News) - Iran has claimed to have seized a tanker belonging to the United Arab Emirates (UAE) in the Strait of Hormuz, according to Iranian media reports.
An Iranian news agency reported that the UAE tanker was intercepted in the northern shipping channel of the Strait of Hormuz while it was en route to Jebel Ali Port in the UAE.
The report said the seized tanker was being transferred to the Iranian port of Bandar Abbas.
The development comes after the UAE announced the suspension of all trade, business and financial dealings with Iran until further notice.
According to the UAE Ministry of Foreign Affairs, all trade, commercial exchanges and economic transactions with Iran have been suspended.
Also Read: Iran rejects UAE missile accusation, warns against unfounded claims
The announcement came after the UAE's defence ministry said on Tuesday that it had detected two ballistic missiles launched from Iran, the first such incident reported since a May 4 strike on the Fujairah port.
In a statement later, the ministry said the missiles targeted "maritime traffic" based on its assessments. Both missiles fell into the sea, it said.
Iran's foreign ministry spokesperson Esmaeil Baghaei rejected the statement by the UAE, describing it as "baseless."
Baghaei called on "all regional parties" to refrain from making "unsubstantiated accusations" against Iran, according to Al Jazeera.