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What you need to know before registering a company in the UAE
Company Registration
Banking Solutions in the UAE & Oman
Corporate Compliance & Reporting
Annual Corporate Maintenance Services in the UAE
Legal & Corporate Support Services
Business Acquisition & Ready-Made Companies in the UAE
Corporate Legal Services in the UAE
Business Partnerships & Joint Ventures in the UAE
Types of companies in the UAE. Types of activities
UAE Visas
Government Bodies. What Issues They Address
Types of Legal Entities
Licensing
What you need to know before registering a company in the UAE
Company Registration
Banking Solutions in the UAE & Oman
Corporate Compliance & Reporting
Annual Corporate Maintenance Services in the UAE
Legal & Corporate Support Services
Business Acquisition & Ready-Made Companies in the UAE
Corporate Legal Services in the UAE
Business Partnerships & Joint Ventures in the UAE
Types of companies in the UAE. Types of activities
UAE Visas
Government Bodies. What Issues They Address
Types of Legal Entities
Licensing
## Escalating Tensions in the Strait of Hormuz
The Iranian Revolutionary Guard Corps (IRGC) has targeted three oil tankers and three vessels linked to the United States, accusing them of unauthorized navigation through the Strait of Hormuz. This move comes amid heightened tensions between the US and Iran, which have been locked in a six-month conflict.
## US Response and Economic Measures
In retaliation, the US reported the destruction of three Iranian oil tankers following attempted missile attacks on its naval vessels. The US continues to enforce a blockade on Iranian ports and has imposed sanctions on entities with financial ties to Iran, aiming to pressure the country economically.
## Impact on Oil Exports
The ongoing conflict has significantly impacted Middle Eastern oil exports, which have dropped to 39% below pre-war levels. According to TankerTrackers, exports reached their lowest in May, with a notable shortfall still present.
## Regional Developments
In related regional developments, the Israeli military reported shooting down a drone launched by Hezbollah in southern Lebanon. Meanwhile, Iran's Revolutionary Guards claimed to have attacked a US naval drone attempting to enter the Strait of Hormuz.
## Future Plans
US President Donald Trump is reportedly working on a new strategy for the Middle East, which could involve strengthening alliances against Iran and enhancing ties between Israel and its neighbors. This plan is still in the drafting stage and has been discussed in recent meetings with senior advisers.
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