BUSINESSSEATTLE TIMES
Dubai firm cuts deal for new port to bypass Strait of Hormuz
A Dubai firm has cut a deal to build a new port aimed at bypassing the Strait of Hormuz. The move is driven by disruptions caused by attacks during the Iran war, prompting countries to seek alternative routes for transporting oil.
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- Dubai plans new port to bypass Strait of Hormuz
- Dubai-based port operator plans to build UAE passageway to bypass Hormuz
- Strait of Hormuz oil supply crunch has countries looking for workarounds
- Middle East allies rushing new pipelines, port to bypass Iran’s grip on Strait of Hormuz
- Adnoc plans new UAE pipeline to bypass Strait of Hormuz