Search
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
## US-Iran Ceasefire Breaks Down
The United States has announced plans to blockade Iranian ports starting Monday, following the collapse of ceasefire talks in Islamabad. The US military will begin the blockade at 10:00 ET, despite a temporary ceasefire that was supposed to last until April 22.
## Strait of Hormuz Traffic Halts
Ship movements through the Strait of Hormuz have come to a standstill, causing oil prices to surge. West Texas Intermediate crude reached $104.8 a barrel, while Brent crude rose to $102.7. The halt in traffic follows the US decision to enforce a naval blockade.
## Global Reactions
Russia has warned that the blockade could negatively impact global markets, while France and the UK are planning a "peaceful multinational mission" to restore navigation in the strait. The UK has stated it will not participate in the US-led blockade.
## Regional Impacts
The ongoing conflict has led to increased transit traffic at London's Heathrow Airport, which saw a 10% rise in March. Meanwhile, the Philippines has reduced taxes on petroleum products to mitigate the impact of rising fuel prices.
## Diplomatic Efforts
Iran and Saudi Arabia have discussed the failed talks, and Iran claims it was close to reaching a deal with the US. However, no agreement was finalized, and tensions remain high in the region.
Leave your details and get a guide as a gift to avoid mistakes
Share article