Dubai has only ten days of fresh food left after the closure of the Straits of Hormuz has cut the United Arab Emirates (UAE) off from all its imports, including food. In Abu Dhabi, with the prospect of the region becoming unliveable, real estate prices are also collapsing.
As bne IntelliNews reported, the Hormuz chokepoint could kill Dubai, a hub of investment and business in the region. The Gulf countries don’t have any water and don’t produce much food for their combined population of around 60mn people. Fresh products in particular like vegetables and fruit are almost all imported. The Iranian Revolutionary Guard Corps (IRGC) closed the Straits of Hormuz to oil exports on March 2, but the embargo also effectively blocked all food imports at the same time.
The Emirates imports between 80% and 90% of its food, with roughly 70% of food shipments to Gulf Cooperation Council (GCC) countries normally passing through the Strait of Hormuz on the 100- odd ships that traversed the Straits until a week ago.
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If they’re unable to reopen the strait, perhaps they can force Trump to halt attacking Iran by stopping their own fossil fuel production. Something oil embargo.
The US is less reliant on products which traverse the strait then in the other population center on the planet. It actually may be in its strongest strategic interest to continue on a course which keeps the strait closed, ignoring the humanitarian impact and loss of soft power and goodwill.
True but they can’t escape the coming inflation wave. As fossil fuel supply thru the strait decreases, intl buyers would seek to buy from other sources, bidding up prices everywhere. That includes American producers who’d gladly export instead of feeding the domestic demand. This could change if the US gov’t decides to move away from free markets and imoses export and price controls.
Sounds like socialism.
Comrade Krasnov’s plan all along!
Maybe a few more gold plated jets will do the trick