Iran war now an international hostage situation where UAE is the hostage, Iran the hostage-taker, and US will have to pay the ransom

Bank accounts, demat holdings and properties frozen under FEMA provisions; probe alleges bogus exports, shell entities and suspected round-tripping through UAE-based firms.

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The UAE said its air defence systems intercepted missiles and drones launched from Iran, triggering air raid alerts and major disruptions to flights heading to Dubai and Abu Dhabi. Several incoming flights were reportedly delayed, rerouted, or placed on hold mid air as regional tensions escalated, causing confusion for airlines and passengers across UAE airspace.

The United States said it was expecting an Iranian response, as soon as later last night, to its latest proposal to end the war in the Gulf, even as US and Iranian forces traded fire in the region and the UAE came under renewed attack.

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