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UAE Second in 2026 Commodities Index

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UAE Second in 2026 Commodities Index

Taiwan accelerates weapons purchase plan

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Taiwan accelerates weapons purchase plan

Tankers pass through strait after US-Iran deal

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Tankers pass through strait after US-Iran deal

UAE transfers 3 wanted persons to Belgium

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UAE transfers 3 wanted persons to Belgium

UAE and Arab States Condemn West Bank Violence

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UAE and Arab States Condemn West Bank Violence
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Gulf of Hormuz: Next Steps Post-Deal

Gulf of Hormuz: Next Steps Post-Deal

After the signing of the memorandum of understanding between the United States and Iran, attention is turned to the Strait of Hormuz, which is preparing for a gradual reopening of navigation. This will lead to the resumption of oil and gas flows through the strait and will impact ships that had been prevented from passing due to the crisis. Data indicates a limited improvement in shipping activity, with four ships crossing over 48 hours, including an oil tanker carrying two million barrels. The International Agency expects the oil market to gradually recover from the impact of the strait's closure, amid decreasing global demand and forecasts of an oil surplus next year. Meanwhile, the Gulf continues to try to compensate for the losses by increasing production and storing oil.

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