What to Know About Iran’s Economic Ties With Gulf Countries

For years, the United Arab Emirates has been a lifeline for Iran’s sanctions-battered economy, despite political tensions between the two countries. But that relationship was imperiled on Tuesday, when the Emirates announced a total embargo on trade and transactions with the Islamic republic. If the threat holds, Iran would lose not just a major market for its goods but a portal to the world economy, analysts say. The embargo highlights both the depth of the economic relationships that Iran has cultivated across the Gulf region and the strain they are now under. The war that the United States and Israel...