The UAE and Iran have held their first high-level in-person security meeting since the start of the war, signaling a possible effort by both sides to reduce tensions after months of conflict Bloomberg reports.

•⁠ ⁠While the UAE continues to view Iran as a regional threat, officials are increasingly focused on preserving stability to protect the country’s economy, tourism industry, financial sector, and major investments.

•⁠ ⁠Iran also has an incentive to improve relations, as the UAE was one of its key trading partners before the war.

•⁠ ⁠The meeting comes as regional countries seek to limit the economic fallout from the conflict.