Dubai to build new port to bypass Strait of Hormuz as Iran continues attacks on ships
- Dubai is planning to build a new port and terminal to circumvent Iran’s control over the Strait of Hormuz.
- Passage through the vital shipping route – through which one-fifth of the world’s oil passes – has been disrupted since US-Israeli strikes on Iran on 28 February.
- Despite an interim agreement effectively opening up access to commercial vessels, a row has broken out over the interpretation of a clause relating to the waterway, sparking a resumption of hostilities between the US and Iran.
Confirmed
- Dubai is planning to build a new port and terminal to circumvent Iran’s control over the Strait of Hormuz.
- Passage through the vital shipping route – through which one-fifth of the world’s oil passes – has been disrupted since US-Israeli strikes on Iran on 28 February.
- Despite an interim agreement effectively opening up access to commercial vessels, a row has broken out over the interpretation of a clause relating to the waterway, sparking a resumption of hostilities between the US and Iran.
Sources: The Independent