Economy · World
UAE expands ports to bypass Hormuz Strait, boosting India trade
The United Arab Emirates is expanding its east coast ports to create alternative trade routes, aiming to bypass potential disruptions in the Strait of Hormuz. This move is intended to secure India's trade with the UAE, which amounts to hundreds of billions of dollars. Disruptions in the Strait of Hormuz have previously impacted crude oil, LNG, and LPG supplies, prompting India to seek alternative sources. The UAE's initiative seeks to ensure the continuity of these vital trade flows.
How outlets across the spectrum covered it
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- Centre (1): The Indian Express
- Right (1): Times Now