Badri said the Iran conflict has driven the opening of an alternative to the Strait of Hormuz, as the emirate freezes some taxes.
Written by Nikkei Asia
Published on
28 Apr 2026
4 mins read
Dubai’s economic chief wants to reassure investors that the emirate is still a safe haven for capital, citing the opening of a “green corridor” with Oman, as the end of a fragile two-week US-Iran ceasefire looms.
Abdulla Balalaa, UAE assistant minister of foreign affairs for energy and sustainability, spoke to Al-Monitor about the situation…
Sultan Ahmed Al Jaber demanded a full reopening of the Strait, warning that the oil supply disruption will increase if Iran…
Iran’s top diplomat says the key Strait of Hormuz is only cut off for vessels of the United States, Israel and their allies.
Iranian airstrikes shatter Dubai's reputation as a safe, tax-free oasis, causing fear and chaos amid escalating regional tensions.
The Strait of Hormuz is not open to traffic despite this week's cease-fire between the United States and Iran
Since the start of the U.S.-Iran war, Dubai's status as a haven for the global elite has been shattered.
