Dubai Firm Cuts Deal for New Port to Bypass Strait of Hormuz

A Dubai-based logistics giant has partnered with the United Arab Emirates to develop a new port system designed to bypass the Strait of Hormuz. Simultaneously, Middle East oil producers are advancing pipeline projects to achieve the same goal amid ongoing tensions. Market data indicates WTI Crude was at $110 in July 2026, with a current 4.4% YES probability. These strategic infrastructure developments aim to secure transport routes and reduce reliance on the critical maritime strait.