The waiver will last another 30 days and was sought by several poor and vulnerable countries cut off from Gulf oil supplies by the Iran war and the closure of the Strait of Hormuz, the source said.
Prateek Tanmay
- World
- May 19, 2026
- 9 views
Iran-Israel war LIVE: Israel military issues fresh evacuation warnings for south Lebanon
The attacks — and Iran’s chokehold on the Strait of Hormuz — have more than halved the Emirates’ exports of crude oil and natural gas. Its tourism and conference sectors have also suffered
