Why Dubai May Be Vital to the Trump Administration's Economic War on Iran

TL;DR

The U.S. is threatening significant economic pressure on Iran, with the UAE being a key factor in its effectiveness.
Dubai is a major hub for Iran's foreign currency exchange, with approximately 80% of transactions occurring there.
The U.S. Treasury has targeted UAE-based shell companies used by Iran to circumvent sanctions and access oil revenues.
The UAE has announced a halt to all trade, commercial exchanges, and financial transactions with Iran.
Recent attacks attributed to Iran may have influenced the UAE's decision to sever economic ties.

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