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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
## New Regulations in a Strategic Waterway
Iran has introduced new shipping regulations in the Strait of Hormuz, a crucial passage for global oil and gas supplies. The move challenges international maritime law, which typically allows free passage through such waterways.
## Details of the New Protocol
The newly established Persian Gulf Strait Authority requires vessels to provide detailed information, including ownership and cargo details, before entering the strait. This protocol is seen as an attempt by Iran to exert long-term control over the passage.
## Impact on Global Trade
The Strait of Hormuz is vital for global energy markets, carrying about 20% of the world's oil. The new rules have already led to a significant drop in shipping traffic, with only 40 vessels crossing in a recent week compared to the usual 120 per day.
## Legal and Economic Concerns
Under the United Nations Convention on the Law of the Sea, international straits should allow free transit. Iran's actions could violate these principles, and there are concerns about potential US sanctions on companies complying with Iran's demands.
## Broader Implications
Analysts warn that Iran's control over the strait could have lasting effects on global shipping and energy markets, even if current conflicts subside. The situation remains tense, with thousands of sailors affected by the ongoing restrictions.
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