Iran - Israel/US War: Israel-US declare war on Iran, Iran responds

Dubai: The banker Iran bombed

UAE considering cutting off Iranian access to billions of dollars held in Gulf state, reports The Wall Street Journal

By
Dr Farrukh Saleem | March 07, 2026

On November 14, 1979 — 10 days after Iranian students seized the US embassy in Tehran — then US president Jimmy Carter signed Executive Order 12170. With a single order, Washington froze roughly $8 billion in Iranian government assets held in the US.

The move was executed through the US Treasury's Office of Foreign Assets Control — and it marked the beginning of America's modern sanctions war against Iran.


Citibank, Chase Manhattan, Bank of America, HSBC, Standard Chartered, BNP Paribas, Deutsche Bank, Commerzbank, Credit Suisse and Barclays — along with Shell, Total, ENI, Siemens, General Electric and Boeing — all walked away from Iran as sanctions tightened. One by one, the world's largest banks, energy companies and industrial giants walked away from Iran, leaving the country financially alone.

Iran needed to convert oil revenues into usable foreign currency. Iran needed to pay for weapons components and missile electronics sourced through global procurement networks. Iran needed to fund proxy operations from Hezbollah to the Houthis. Iran needed to maintain clandestine banking channels to move money across borders.

Iran needed front companies and shadow traders to sell oil despite sanctions. Iran needed drones and cash across Iraq, Syria and Lebanon. In short, Iran did not just need oil revenue, it needed a global sanctions-evasion architecture to turn oil into power.

Red alert: For 47 years, that architecture had an address: Dubai — a neutral trading hub where money was welcome even when its origins were complicated.

For 20 years, the US Treasury tried to close the Iran-Dubai connection and never fully succeeded — not for lack of effort, but because the UAE, for its own sovereign economic reasons, consistently declined to cooperate.

On February 28, 2026, Iran launched ballistic missiles, drone attacks and cruise missiles against the UAE.

Why did Iran attack its own financial pipeline? Perhaps regime survival simply overrode economic logic. Perhaps the relationship was already poisoned; the UAE had been quietly coordinating with Israel since the Abraham Accords of 2020.

Or perhaps the most unsettling explanation is institutional: that the IRGC — a parallel state within a state, with its own enemies list, and its own logic — had simply stopped making decisions in Iran’s national interest. The missile commands didn't consult a cabinet — they consulted their own calculus.

Between February 28 and March 4, Iran fired 189 ballistic missiles, 941 drones and three cruise missiles at the UAE — 1,133 projectiles in six days.

Red alert: According to The Wall Street Journal, the UAE is considering cutting off Iranian access to billions of dollars held in the Gulf state.

Imagine this: For 47 years, Iran built a financial architecture in Dubai that the US Treasury could never fully dismantle. Now, after more than a thousand missiles and drones, Dubai may do in a single decision what Washington spent two decades trying to achieve.

Iran did not just fire at a city. It may have fired at its own financial pipeline. And in doing so, it may have finally convinced its last banker to pull the plug.


The writer is an Islamabad-based columnist.


 
I give zero shits what you want or not. If IRGC is attacking them then they must have actual threat there. They dont attack for nothing, wasting precious weapons on wastelands otherwise. Besides you are not Qatari so do not get worked up.

Two days ago Bahraini fatso said the same thing that they are not allowing their land to be used against Iran and today our desalination plants were attacked from Bahraini soil. IRGC should rather cluster missile these lying snakes.

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A british national from UK should not be defending Iran. Show loyalty to your King Charles for once

You are acting like US/Mossad. They said the same thing about IRAN that it is an actual threat and hence they launched the attacks on it. Nobody, You/IRGC/US/MOSSAD provides a shred of evidence and just use conspiracy theories to justify attacking each other.

I don't need your circular/strawmen arguments that Bahrain did, So Qatar is also culpable. Be logical once. You sound too emotional and incoherent about a simple question if IRAN has proof that Qatar attacked Iran today. Simple Yes or No.
 
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What was the purpose of Pezeshkian Speech ?
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According to RUSSIAN intelligence following their own investigation, the Israeli losses in the first 3 days are:

- 6 Israeli Generals unalived
- 32 Mossad agents
- 78 from Shin Bet
- 198 Air Force officers
- 462 soldiers
- 11 nuclear scientists
- 423 reservists

All unalived, these enormous figures do not take into account the civilians, where we estimate thousands, so some are still under the rubble. And these numbers are outdated now and higher.

Israel is hardly able to defend any of its military assets anymore as most of its air defence systems are either short on interceptors, destroyed and the gulf state radars are all destroyed.

Kosher media will not cover these losses and will continue covering it up.

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The Iron Dome was much, much more effective when no one tested it. I’m starting to think the same of the US military as a whole.
 
What is the proof that US is attacking IRAN from Qatar. I don't want your conspiracy theories. Your President pledged something. You got a proof US attacked IRAN today from Qatar?
No, the better question is what is the proof that Qatar has not supported US's aggression against Iran? The fact that Qatar's military has not responded to Iran's attacks is indirect admission of guilt in supporting attacks on Iran. Pls stop these trolling questions!
 
My friend , people demanding china “assist” Iran? China doesn’t brag about actions it just does it. Iran is using BEIDOU GPS secure network. China satellites are feeding live Intel to the Iranians on U.S air defence systems locations etc. and all other military activities by U.S

I'm sure US GPS and BEIDOU GPS are actively being spoofed and jammed...probably more than in Ukraine
 
Zionist attacks Desalination plant and Civilian targets inside Iran

1- Desalination plant (Recent)
2- Stadium (few days ago)
3- 13+ Hospitals

They seem to be following a plan , create by AI which has no concept of Human Rights Laws

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no one is waiting for you to trust Iran, you have shown your colours very well already


I suggest you to re-read my post and answer accordingly. You are mod, not a troll. Maintain the dignity and neutrality of your designation.
 

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