All NewsEducationTVBrokers
Equities & FundsCrypto & Digital AssetsAI & TechnologyBusiness & CorporateUS Politics & PolicyGeopolitics & Global RiskMacro, Rates & FXCommodities & EnergyEuropean Politics & MarketsAsia-PacificReal Estate & Property
All NewsHome
← Back to Geopolitics & Global Risk

UAE building alternative trade routes amid Iran conflict

Created at 7 Sep · 8:48 AM1 source↑ Market-relevant
IN SHORT

The United Arab Emirates is developing alternative energy export and trade routes to avoid being disrupted by the conflict with Iran, according to UAE presidential adviser Anwar Gargash. He stated that rebuilding trust with neighbors after attacks may take decades.

Who's Involved

Anwar Gargash
UAE presidential adviser speaking at the Hili Forum
Iran
Nation involved in conflict with UAE
United Arab Emirates
Nation building alternative trade and energy routes

↳ Why This Matters

The UAE's strategic move to build alternative trade and energy routes highlights the significant geopolitical risks and economic vulnerabilities faced by nations in the region due to ongoing conflicts, potentially reshaping global energy and trade flows.

Key facts

  • The UAE is constructing alternative energy export and trade routes.
  • These routes are intended to prevent disruption from the conflict with Iran.
  • UAE presidential adviser Anwar Gargash stated that rebuilding trust with neighbors after attacks could take decades.
  • Gargash criticized the collective response of Gulf Arab states to Iranian attacks as insufficient.
  • The UAE had previously suspended financial and economic transactions with Iran.

The United Arab Emirates is actively developing alternative routes for its energy exports and trade to ensure continuity amidst the ongoing conflict with Iran, according to UAE presidential adviser Anwar Gargash. Speaking at the Hili Forum in Abu Dhabi, Gargash emphasized that the nation's energy exports and trade activities would not be "held hostage."

The UAE has been expanding its port capacity on its eastern coast, alongside developing pipelines, railways, and other trade routes to establish these alternative corridors. Gargash acknowledged that while relations with Iran could potentially be restored, rebuilding trust with neighboring countries following the attacks might require decades.

He further criticized the response of other Gulf Arab states to the Iranian attacks, suggesting their collective action was inadequate. Gargash recalled a long-standing agreement among Gulf states regarding the nature of the challenge posed by Iran, but noted a failure to translate this understanding into a sufficiently unified and strategic response.

This strategic shift comes after the UAE suspended all financial and economic transactions with Iran in August, citing military escalation and missile threats from Tehran.

Frequently asked questions

The UAE is building alternative routes, including expanding port capacity along its eastern coast, and developing pipelines, railways, and trade corridors.

UAE presidential adviser Anwar Gargash stated that a functional relationship with Iran can and must be restored, but rebuilding trust with neighbors after attacks may take decades.

The UAE is taking these measures to ensure its energy exports and trade are not "held hostage" by the ongoing conflict with Iran.

Anwar Gargash criticized the collective action of Gulf Arab states as falling short, stating they failed to translate a shared understanding of the challenge into a sufficiently united and strategic response.

What Happens Next

01The UAE will continue expanding port capacity, pipelines, and railways.
02Efforts to restore functional relations with Iran may proceed.
03Rebuilding trust between Iran and its neighbors is expected to be a long-term process.

How It Developed

UAE presidential adviser Anwar Gargash stated the UAE is building alternative energy and trade routes.
Gargash cited the ongoing conflict with Iran as the reason for developing these routes.
He noted that rebuilding trust with neighbors after attacks may take decades.
Gargash criticized Gulf Arab states for a collective response that fell short.
The UAE had previously suspended financial and economic transactions with Iran due to military escalation.

Sources

T1
UAE builds alternative trade, energy routes after Iran attacks, official saysReuters

Related Stories

Qatar: Gulf states cannot rely solely on US for security amid Iran war
7 Sep · 9:16 AM
Iran Plans 'Exclusion Zone' Near Strait of Hormuz Amid Intensifying Risks
7 Sep · 4:28 AM
South Korea in talks on Hormuz security, keeps Iran channel open
7 Sep · 6:26 AM
Canada Slams Iran for 'Destabilizing Actions', Vows Continued Pressure
7 Sep · 6:26 AM
Iran cites UN charter for strikes on US bases
7 Sep · 8:31 AM