Region need new trade routes, with or without Hormuz, UNDP’s Abdallah Al-Dardari tells Arab News

Abdallah Al-Dardari, UNDP's director for the Arab region, emphasizes the need for new trade routes in light of the ongoing US-Israeli conflict with Iran that has severely impacted the Strait of Hormuz, a vital shipping lane. He proposes a Regional Convergence Initiative aimed at developing multiple trade and energy routes to reduce dependence on Hormuz, fostering economic growth and diversification...