4.4 • 796 Ratings
🗓️ 26 June 2025
⏱️ 17 minutes
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We're in Dubai looking back on two weeks of uncertainty and concerns the world’s busiest oil shipping channel, The Strait of Hormuz, might shut.
The UAE is a major global trading hub and home to the biggest port in the Middle East. We’ll be hearing how some countries are looking for alternatives to the Strait, such as pipelines or developing refineries.
And what could this mean for the future relationship between Gulf states like this one, and Iran?
Produced and presented by Sameer Hashmi Additional production: Lexy O'Connor
(Image: A small boat loaded with merchandise sails past a container ship in the Strait of Hormuz off the coast of Khasab in Oman's northern Musandam peninsula on 25 June 2025.Credit: Getty Images)
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0:00.0 | Hello and welcome to Business Daily from the BBC World Service. |
0:06.1 | I'm Samir Hashmi in Dubai in the UAE. |
0:09.5 | Today, how have businesses in the Gulf responded to the Israel-Iran conflict? |
0:14.5 | Yes, we did have calls from the customers for alternative solutions. |
0:17.9 | What is the other ports that we can move into? |
0:20.2 | We were bracing for all this |
0:21.3 | situation and we knew what we need to do. Dubai is a major global trading hub and home to the biggest |
0:26.7 | port in the Middle East. It's also close to the Strait of Hermus, the world's busiest oil shipping |
0:32.0 | channel. And there were concerns earlier this week that the Strait might be closed by Iran. |
0:37.5 | It may not be in Iran's interest to do that, but certainly it will be in Iran's interest |
0:41.4 | to remind people that they can retaliate, they can't exert pressure on these countries. |
0:46.0 | Given the ongoing volatility in the region, its reliance on the oil trade, we'll be hearing |
0:51.2 | how some countries are looking for alternatives. |
0:54.3 | Both Saudi Arabia and the UAE have built pipelines over the years to try to bypass the straight-of-formos, |
1:00.2 | but other countries don't have such great backup options. |
1:03.8 | And what could this mean for the future relationship between Gulf states like this one and Iran? |
1:09.3 | That's all coming up in today's Business Daily. |
1:15.2 | A bomb strikes Tehran. |
1:17.8 | For nearly two weeks, Iran and Israel were locked in their most intense conflict in decades. |
1:23.4 | After the United States launched strikes on Iranian nuclear facilities, Iran retaliated, |
1:28.9 | firing missiles at a U.S. military base in Qatar. |
1:33.0 | In Doha, residents were urged to take shelter. |
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