Economics

Iran’s Attacks on the UAE Are Costing It Access to Vital Imports

A fire at the port of Fujairah in the United Arab Emirates.

Photographer: Fadel Senna/AFP/Getty Images

Iran’s drone and missile strikes targeting Gulf countries in response to US and Israel attacks are rebounding on its own economy.

Ship arrivals from the United Arab Emirates to Iran that previously numbered 25 to 50 vessels per day dropped to zero this week, according to Hong Kong-based Al Banyan Tree Research, a startup founded by financial analysts and risk managers with experience in commodities.