Man at docks in Dubai
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Gulf traders hit by sanctions targeting Iran

16 June 2013 Last updated at 12:53 BST

The Gulf has historically been one of Iran's largest trading partners, with 8,000 Iranian businesses based in Dubai alone.

But Iranian imports have fallen by around 50% in just one year and it is though fresh US sanctions targeting Iran's currency will make trade with the country even harder.

Simon Atkinson reports.