Implications of reopening and closing again on Strait of Hormuz

20 Apr 2026. The Strait of Hormuz opened on Friday and closed again on Saturday and the impact on oil prices and shipping insurance costs was immediate. We look at what that volatility means on the ground. Plus, the UAE is easing tax penalties and encouraging companies to come forward and fix mistakes, we speak to the FTA directly on how to use this window. And could UAE residents who worked from home abroad during the conflict find themselves liable for tax in another country? We get some legal advice.

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