Key facts
- DP World plans a new port and container terminal in Fujairah, UAE, to bypass the Strait of Hormuz.
UK opposes US plan for Strait of Hormuz tolls amid UAE port plans
IN SHORT
The UK government is pressing the US for details on a proposed 20% toll for cargo passing through the Strait of Hormuz, which Britain opposes. Meanwhile, DP World plans a new UAE port in Fujairah to bypass the strait.
Key Numbers
18 monthsconstruction timeline for new port
$2 billionGulftainer expansion at Khor Fakkan
20 percentproposed US toll on Hormuz cargo
Who's Involved
DP World
Dubai-based port operator planning new UAE port
Gulftainer
Announced $2 billion expansion at Khor Fakkan
UK government
Opposes US plan for Strait of Hormuz tolls
Trump administration
Proposed plan to impose a 20 percent toll on cargo passing through the Strait of Hormuz
↳ Why This Matters
The UAE's efforts to bypass the Strait of Hormuz and the UK's opposition to potential US tolls highlight ongoing geopolitical tensions and their impact on global trade routes and energy security.