An explosion in a port city in southern Iran on Saturday rocked Shahid Rajaee port in Bandar Abbas, disrupting one of the country's key shipping and trading arteries and adding to the oil exporter's significant economic pressures.
Fires were still blazing on Sunday after an explosion tore through Iran's largest commercial port at Bandar Abbas the day before, killing at least 28 people and leaving hundreds injured.
The strategic port is the country's biggest and one of its most strategic assets. In 2024, it handled 85 per cent of Iran's shipping container traffic, according to the Port and Maritime Organisation.
The port is strategically located on the northern shore of the Strait of Hormuz, through which 20 per cent of all oil trade passes and is vital for international trade.
The state-owned National Iranian Oil Products Distribution Company said in a statement the explosion “has no connection” to its facilities, reporting no interruption to its work in Bandar Abbas.
Bandar Abbas, the capital of Hormozgan province, is Iran's main southern port city and is vital to the global oil industry.
“Shahid Rajaee Port is Iran’s largest and most significant maritime hub, often referred to as the 'Golden Gateway' of Iran’s trade. The port connects with 80 major international ports via 35 top container shipping lines,” said Alex Vatanka, a senior fellow at the Washington-based Middle East Institute.
The hub for container shipments, covering 2,400 hectares, handles 70 million tonnes of cargo per year, including oil and general shipping. It has nearly 500,000 square metres of warehouses and 35 shipping berths.
With a capacity of 100 million tonnes of cargo annually, including 6 million TEU containers, it manages about 55 per cent of Iran’s total cargo operations.
The port features 40 berths, supports more than 4,000 vessels and also offers logistics, industrial and free-zone advantages.
Economic pressures
The significance of the port means the disruption may have broader economic and security implications for Iran and for regional trade routes.
The explosion comes as Iran's economy struggles, as US President Donald Trump's administration presses on with its “maximum pressure” campaign against Tehran with a new round of sanctions to curtail its revenue.
Iran’s economic growth is projected to flatline to 0.3 per cent in 2025, down from 3.5 per cent in 2024, an International Monetary Fund report said. It is forecast to expand 1.1 per cent next year.
“The explosion at Shahid Rajaee Port in Bandar Abbas – Iran’s largest commercial port – will have an immediate and severe impact on Iran’s economy,” said Dean Mikkelsen, independent maritime, energy and security analyst. “Its shutdown disrupts the flow of goods, deepening Iran’s economic isolation at a time when it is already under significant sanctions pressure.”
Oil exports
The port explosion come at a time when new US sanctions on Iran are seeking to curb the country's oil exports.
“Critically, the port also supports infrastructure related to Iran’s oil exports, including operations tied to Iran’s 'dark fleet' – a network of ships that covertly export Iranian crude oil by disabling AIS systems and conducting ship-to-ship transfers,” Mr Mikkelsen said.
Iran's oil exports provide its government with an estimated revenue of $50 billion to $55 billion annually, which helps to fund essential state services and stabilise the economy.
"Any “nterruption, even temporary, threatens Iran’s financial stability," Mr ”ikkelsen said. "A pr“longed closure would force Iran to reroute trade through smaller, less efficient ports, increasing costs and risking further bottlenecks."
Ira”, the third largest producer in the Organisation of the Petroleum Exporting Countries (Opec), extracts about 3.3 million barrels of oil per day (bpd), or about 3 per cent of global output.
Trade flows
While the Strait of Hormuz remains open after the explosion at nearby logistics hub of Shahid Rajaee Port, the incident raises the risks for regional shipping, analysts say.
The incident has “the potential of driving up insurance premiums and forcing some vessels to reroute to safer ports in the UAE or Saudi Arabia, increasing transit times and costs”, Mr Mikkelsen said.
“While the immediate impact may be contained regionally, the broader effect is a further tightening of global supply chains, with delays and cost increases rippling across industries.”
This comes at a time when global trade is projected to slow down due to the US tariffs regime imposed by the Trump administration.
“This added disruption could deepen supply bottlenecks and drive up costs for consumers and businesses worldwide,” he said.
The World Trade Organisation on April 16 said that following a strong performance in 2024, global trade is now facing headwinds from a surge in tariffs and rising trade policy uncertainty.
The volume of global merchandise trade is projected to decline by 0.2 per cent in 2025 – almost three percentage points lower than it would have been without the recent policy shifts. A modest recovery of 2.5 per cent is expected in 2026, the WTO said in its Global Trade Outlook and Statistics report.
With tariffs-induced economic uncertainty, the added disruption to critical shipping routes near the Strait of Hormuz and the Red Sea has the potential to push transport and energy costs higher, Mr Mikkelsen said.
“If businesses face rising shipping and fuel costs, those expenses are likely to be passed on to consumers, amplifying inflationary pressures triggered initially by the tariffs,” he said.
“The port explosion compounds existing vulnerabilities by increasing the risk of prolonged inflation and supply chain instability.”
The port blast came as Iranian and US delegations met in Oman for high-level talks on Tehran's nuclear programme on Saturday, with both sides reporting progress.
While Iranian authorities so far appear to be treating the blast as an accident, it comes against the backdrop of years of shadow war with regional foe Israel.
“The significance of this incident and its human costs is very high,” said Mahdi Ghodsi, economist at The Vienna Institute for International Economic Studies. “Any evidence regarding its initial cause is crucial at this sensitive moment, coinciding exactly with Iran’s third round of negotiations with the US.
“If this incident was accidental, it highlights poor government effectiveness and a political system unable to provide the necessary security services.
“Alternatively, if this incident involved foreign intervention, it could exacerbate tensions and derail the negotiations by shifting the focus away from nuclear issues to regional issues, thereby jeopardising these talks that are solely designed to be on nuclear issues.”
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Casket match The Undertaker v Rusev
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Cruiserweight Championship Cedric Alexander v Kalisto
Other acts on the Jazz Garden bill
Sharrie Williams
The American singer is hugely respected in blues circles due to her passionate vocals and songwriting. Born and raised in Michigan, Williams began recording and touring as a teenage gospel singer. Her career took off with the blues band The Wiseguys. Such was the acclaim of their live shows that they toured throughout Europe and in Africa. As a solo artist, Williams has also collaborated with the likes of the late Dizzy Gillespie, Van Morrison and Mavis Staples.
Lin Rountree
An accomplished smooth jazz artist who blends his chilled approach with R‘n’B. Trained at the Duke Ellington School of the Arts in Washington, DC, Rountree formed his own band in 2004. He has also recorded with the likes of Kem, Dwele and Conya Doss. He comes to Dubai on the back of his new single Pass The Groove, from his forthcoming 2018 album Stronger Still, which may follow his five previous solo albums in cracking the top 10 of the US jazz charts.
Anita Williams
Dubai-based singer Anita Williams will open the night with a set of covers and swing, jazz and blues standards that made her an in-demand singer across the emirate. The Irish singer has been performing in Dubai since 2008 at venues such as MusicHall and Voda Bar. Her Jazz Garden appearance is career highlight as she will use the event to perform the original song Big Blue Eyes, the single from her debut solo album, due for release soon.
EA Sports FC 26
Publisher: EA Sports
Consoles: PC, PlayStation 4/5, Xbox Series X/S
Rating: 3/5
Roll of honour 2019-2020
Dubai Rugby Sevens
Winners: Dubai Hurricanes
Runners up: Bahrain
West Asia Premiership
Winners: Bahrain
Runners up: UAE Premiership
UAE Premiership
}Winners: Dubai Exiles
Runners up: Dubai Hurricanes
UAE Division One
Winners: Abu Dhabi Saracens
Runners up: Dubai Hurricanes II
UAE Division Two
Winners: Barrelhouse
Runners up: RAK Rugby
The specs
Engine: 2.0-litre 4cyl turbo
Power: 261hp at 5,500rpm
Torque: 405Nm at 1,750-3,500rpm
Transmission: 9-speed auto
Fuel consumption: 6.9L/100km
On sale: Now
Price: From Dh117,059
GIANT REVIEW
Starring: Amir El-Masry, Pierce Brosnan
Director: Athale
Rating: 4/5
Our legal consultant
Name: Dr Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
How to wear a kandura
Dos
- Wear the right fabric for the right season and occasion
- Always ask for the dress code if you don’t know
- Wear a white kandura, white ghutra / shemagh (headwear) and black shoes for work
- Wear 100 per cent cotton under the kandura as most fabrics are polyester
Don’ts
- Wear hamdania for work, always wear a ghutra and agal
- Buy a kandura only based on how it feels; ask questions about the fabric and understand what you are buying
The Saga Continues
Wu-Tang Clan
(36 Chambers / Entertainment One)
Student Of The Year 2
Director: Punit Malhotra
Stars: Tiger Shroff, Tara Sutaria, Ananya Pandey, Aditya Seal
1.5 stars
La Mer lowdown
La Mer beach is open from 10am until midnight, daily, and is located in Jumeirah 1, well after Kite Beach. Some restaurants, like Cupagahwa, are open from 8am for breakfast; most others start at noon. At the time of writing, we noticed that signs for Vicolo, an Italian eatery, and Kaftan, a Turkish restaurant, indicated that these two restaurants will be open soon, most likely this month. Parking is available, as well as a Dh100 all-day valet option or a Dh50 valet service if you’re just stopping by for a few hours.
A timeline of the Historical Dictionary of the Arabic Language
- 2018: Formal work begins
- November 2021: First 17 volumes launched
- November 2022: Additional 19 volumes released
- October 2023: Another 31 volumes released
- November 2024: All 127 volumes completed
FIGHT%20CARD
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Countries recognising Palestine
France, UK, Canada, Australia, Portugal, Belgium, Malta, Luxembourg, San Marino and Andorra
if you go
The flights
Etihad and Emirates fly direct to Kolkata from Dh1,504 and Dh1,450 return including taxes, respectively. The flight takes four hours 30 minutes outbound and 5 hours 30 minute returning.
The trains
Numerous trains link Kolkata and Murshidabad but the daily early morning Hazarduari Express (3’ 52”) is the fastest and most convenient; this service also stops in Plassey. The return train departs Murshidabad late afternoon. Though just about feasible as a day trip, staying overnight is recommended.
The hotels
Mursidabad’s hotels are less than modest but Berhampore, 11km south, offers more accommodation and facilities (and the Hazarduari Express also pauses here). Try Hotel The Fame, with an array of rooms from doubles at Rs1,596/Dh90 to a ‘grand presidential suite’ at Rs7,854/Dh443.
Naga
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Planes grounded by coronavirus
British Airways: Cancels all direct flights to and from mainland China
Hong Kong-based Cathay Pacific: Cutting capacity to/from mainland China by 50 per cent from Jan. 30
Chicago-based United Airlines: Reducing flights to Beijing, Shanghai, and Hong Kong
Ai Seoul: Suspended all flights to China
Finnair: Suspending flights to Nanjing and Beijing Daxing until the end of March
Indonesia's Lion Air: Suspending all flights to China from February
South Korea's Asiana Airlines, Jeju Air and Jin Air: Suspend all flights
The%20specs
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PROFILE OF HALAN
Started: November 2017
Founders: Mounir Nakhla, Ahmed Mohsen and Mohamed Aboulnaga
Based: Cairo, Egypt
Sector: transport and logistics
Size: 150 employees
Investment: approximately $8 million
Investors include: Singapore’s Battery Road Digital Holdings, Egypt’s Algebra Ventures, Uber co-founder and former CTO Oscar Salazar
TECH%20SPECS%3A%20APPLE%20WATCH%20SE%20(second%20generation)
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SPEC%20SHEET%3A%20NOTHING%20PHONE%20(2)
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The specs
Engine: 3.8-litre, twin-turbo V8
Transmission: eight-speed automatic
Power: 582bhp
Torque: 730Nm
Price: Dh649,000
On sale: now
RESULT
Argentina 0 Croatia 3
Croatia: Rebic (53'), Modric (80'), Rakitic (90' 1)
Company%20profile
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The%20Roundup
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Cases of coronavirus in the GCC as of March 15
Saudi Arabia – 103 infected, 0 dead, 1 recovered
UAE – 86 infected, 0 dead, 23 recovered
Bahrain – 210 infected, 0 dead, 44 recovered
Kuwait – 104 infected, 0 dead, 5 recovered
Qatar – 337 infected, 0 dead, 4 recovered
Oman – 19 infected, 0 dead, 9 recovered
Hili 2: Unesco World Heritage site
The site is part of the Hili archaeological park in Al Ain. Excavations there have proved the existence of the earliest known agricultural communities in modern-day UAE. Some date to the Bronze Age but Hili 2 is an Iron Age site. The Iron Age witnessed the development of the falaj, a network of channels that funnelled water from natural springs in the area. Wells allowed settlements to be established, but falaj meant they could grow and thrive. Unesco, the UN's cultural body, awarded Al Ain's sites - including Hili 2 - world heritage status in 2011. Now the most recent dig at the site has revealed even more about the skilled people that lived and worked there.
COMPANY%20PROFILE
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UAE currency: the story behind the money in your pockets
COMPANY PROFILE
Initial investment: Undisclosed
Investment stage: Series A
Investors: Core42
Current number of staff: 47
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The%C2%A0specs%20
%3Cp%3E%0D%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3E6-cylinder%2C%204.8-litre%20%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3E5-speed%20automatic%20and%20manual%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E280%20brake%20horsepower%20%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E451Nm%20%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3Efrom%20Dh153%2C00%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3Enow%3C%2Fp%3E%0A
Electric scooters: some rules to remember
- Riders must be 14-years-old or over
- Wear a protective helmet
- Park the electric scooter in designated parking lots (if any)
- Do not leave electric scooter in locations that obstruct traffic or pedestrians
- Solo riders only, no passengers allowed
- Do not drive outside designated lanes
The specs
Engine: 6.2-litre V8
Transmission: ten-speed
Power: 420bhp
Torque: 624Nm
Price: Dh325,125
On sale: Now
