BR100 Decreased By (-1.39%)
BR30 Decreased By (-1.72%)
KSE100 Decreased By (-1.3%)
KSE30 Decreased By (-1.25%)
AGHA 7.92 Decreased By ▼ -0.17 (-2.1%)
BECO 5.20 Decreased By ▼ -0.07 (-1.33%)
BML 59.25 Decreased By ▼ -0.13 (-0.22%)
BOP 33.68 Decreased By ▼ -0.51 (-1.49%)
CNERGY 9.81 Increased By ▲ 0.19 (1.98%)
CSIL 5.42 Decreased By ▼ -0.08 (-1.45%)
FCCL 53.52 Decreased By ▼ -0.63 (-1.16%)
FFL 16.68 Decreased By ▼ -0.16 (-0.95%)
FNEL 1.21 Decreased By ▼ -0.02 (-1.63%)
KEL 7.35 Decreased By ▼ -0.24 (-3.16%)
KOSM 5.61 Decreased By ▼ -0.07 (-1.23%)
LOTCHEM 29.11 Decreased By ▼ -1.32 (-4.34%)
MLCF 95.50 Decreased By ▼ -2.66 (-2.71%)
NBP 204.35 Decreased By ▼ -4.44 (-2.13%)
NCPL 58.24 Decreased By ▼ -1.37 (-2.3%)
NPL 67.79 Decreased By ▼ -2.08 (-2.98%)
OGDC 317.94 Decreased By ▼ -5.42 (-1.68%)
PACE 10.71 Decreased By ▼ -0.36 (-3.25%)
PAEL 41.83 Decreased By ▼ -0.42 (-0.99%)
PIBTL 16.50 Decreased By ▼ -0.32 (-1.9%)
PPL 219.74 Decreased By ▼ -4.99 (-2.22%)
PRL 44.59 Increased By ▲ 2.94 (7.06%)
PTC 70.77 Decreased By ▼ -0.35 (-0.49%)
SSGC 28.93 Decreased By ▼ -0.38 (-1.3%)
TBL 9.84 Decreased By ▼ -0.12 (-1.2%)
TELE 8.76 Decreased By ▼ -0.23 (-2.56%)
TPL 16.45 Decreased By ▼ -0.07 (-0.42%)
TPLP 12.10 Decreased By ▼ -0.67 (-5.25%)
TREET 22.80 Decreased By ▼ -0.26 (-1.13%)
TRG 60.03 Decreased By ▼ -0.42 (-0.69%)
World

UAE willing to join international force to reopen Strait of Hormuz, FT reports

  • The UAE has faced more Iranian attacks than any other country in the region, including Israel
Published Updated
Photo: Reuters
Photo: Reuters
By

The United Arab Emirates has told the US and other Western allies it would participate in a multinational maritime taskforce to reopen the Strait of Hormuz, the Financial Times reported on Friday, citing people familiar with the matter.

The UAE is trying to push dozens of countries to create a “Hormuz Security Force” to defend the strait from Iranian attacks and escort shipping, the report added.

The UAE has faced more Iranian attacks than any other country in the region, including Israel.

Several US allies have said they have no immediate plans to send ships to unblock the Strait of Hormuz, rebuffing a Trump request for military support to keep the vital waterway open.

Trump extends deadline for striking Iran’s energy plants into April

France said on Thursday it had held talks with around 35 countries seeking partners and ?proposals for a mission to reopen the strait, but only once the US-Israeli war on Iran ends.

Iran has effectively blocked the Strait of Hormuz, which carries about 20% of global oil and liquefied natural gas, spiking energy prices and fuelling global inflation fears.

The UAE is also working on a UN Security Council resolution with Bahrain to provide any future taskforce with a mandate, but Russia and China could oppose the move, the report added.

UN Security Council members have begun negotiating resolutions to protect commercial shipping in and around the Strait of Hormuz, including a Bahraini draft that would authorise the use of “all necessary means”, Reuters reported earlier this week.

Israel strikes Tehran as Trump says US negotiating to end war

Last week, a senior Emirati official said UAE may join a US-led effort to protect shipping in the Strait of Hormuz after Iran all but shut the waterway to ships. The waterway is vital to the economy of the UAE, a major oil exporter and trade hub.

Iran has repeatedly attacked an Emirati port located outside the Gulf that is used to load oil exports.

Reuters could not immediately verify the report.

Comments

200 characters remaining