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Dubai is planning to build new ports and oil hubs in the Gulf of Oman to bypass the Strait of Hormuz. This move aims to reduce reliance on the strategic waterway, which has faced potential closure threats. The project would allow the UAE to continue oil exports even if the strait is blocked. The Strait of Hormuz is a critical passage for global oil shipments, and any disruption could impact energy markets.
by WorldBrief & Maksim Micheliov | AI-generated summary
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