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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
## Strait of Hormuz and Red Sea Under Pressure
The Strait of Hormuz, a critical passage for global oil shipments, has been heavily impacted by ongoing conflicts in the region. Iran's restrictions have significantly reduced the number of vessels passing through, with daily traffic dropping from 130 to just 19 ships. The US Navy has been working to maintain some flow, but the situation remains perilous.
## Houthi Advances in Yemen
Meanwhile, the Red Sea route is also under threat. Iran-backed Houthi militants have captured strategic locations along Yemen's coast, including the port city of Mocha and Perim Island. This gives them a stronger hold over Bab Al Mandab, a crucial chokepoint connecting the Red Sea to the Gulf of Aden.
## Saudi Arabia's Alternatives
Saudi Arabia has been using its East-West Pipeline to transport oil to the Red Sea, bypassing Hormuz. However, this pipeline has faced multiple attacks, leading to temporary shutdowns. The alternative route through the Suez Canal is longer and more costly, especially for shipments headed to Asia.
## Impact on Global Energy Markets
These disruptions have pushed oil prices above $100 a barrel, with further increases likely if the situation worsens. The rising costs and risks associated with transporting oil through these routes are putting additional pressure on global energy supplies.
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