Kerry Says U.A.E. Trade With Iran Plunges 83% on Sanctions - Bloomberg:
"U.S. Secretary of State John Kerry said business between the United Arab Emirates and Iran has plunged 83 percent because of international sanctions against the Islamic republic.
“Just today in our conversation I learned that it has gone from some $23 billion in business down to $4 billion,” Kerry said in a news conference with U.A.E. Foreign Minister Abdullah bin Zayed in Abu Dhabi. “That’s a huge sacrifice.”
Iran and world powers failed to reach an agreement to limit the country’s nuclear program during talks in Geneva. Another round of negotiations is set to resume on Nov. 20. The U.A.E. is among U.S. allies in the six-member Gulf Cooperation Council that oppose allowing Iran to develop nuclear weapons."
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