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Dubai is directly impacted by the US blockade of the Strait of Hormuz


Du US


Global uncertainty poses winter travel challenges


ANALYSIS: Renewed Gulf hostilities bode ill for travel, reports Ian Taylor


The resumed exchange of missile strikes between the US and Iran threatens a return of tourism traffic via the Gulf despite Arabian Travel Market being due to convene in Dubai next week. Oil prices returned near to $100


a barrel on Monday, with traders warning of a fresh supply crunch despite oil traversing the Strait of Hormuz on shuttle vessels. The US claims to be ensuring about


eight million barrels a day are exported – 40% of the pre-war level. Other estimates put the amount lower, with


64 10 SEPTEMBER 2026


one oil trading executive warning prices “will move higher – the issue is whether it’s a slow burn or fast”. Another suggested the Strait of Hormuz would “never return to normal”. The price of diesel is already at


an all-time high. The jet fuel price rose 9% last week to $180 a barrel in Europe, double its price a year ago. The US insists it will not return to


the agreement with Iran signed in June. It calculates it can ensure a flow of oil while blockading the Iranian economy. Tehran has warned no Gulf producers will export oil in that case, and as an


Iran analyst told the Financial Times: “If Trump thinks he can get away with economic warfare, the Iranians will drag him into a hot war.” Shipping companies remain


unconvinced by US claims to be able to provide safe passage. The head of a Danish tanker group likened the war to the stalemate in Ukraine last week and suggested Gulf leaders are ready for a confrontation “that lasts months or years”.


Continued on page 62 travelweekly.co.uk


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PICTURES: Shutterstock/Joshua Sukoff, Maria Usp


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