An uneasy calm has settled over the port of Ras Al Khaimah in the United Arab Emirates. Tankers sit idle at the docks while hundreds more wait offshore, trapped behind a growing security crisis in the nearby Strait of Hormuz — one of the world’s most critical oil routes. The paralysis follows a wave of attacks on shipping and infrastructure linked to the escalating war with Iran. Two tankers bound for the strait were hit by Iranian missiles this week, one bursting into flames. Days later a drone strike targeted the oil terminal at Fujairah, sending thick black smoke over the Gulf’s main energy hub. For Gulf governments, analysts say, the crisis represents the nightmare scenario they spent months trying to prevent. War fallout shakes Gulf economies The narrow strait carries roughly a fifth of the world’s oil exports. Its disruption is now costing Gulf producers between $700m and $1.2bn a day in lost shipments, according to regional estimates. Airspace closures and missile alerts have also crippled aviation and tourism across the region. Bahrain is facing growing economic strain, while the UAE’s reputation as a safe haven for investors and visitors has taken a hit. Governments have intercepted most incoming drones and missiles but at enormous cost. Defensive systems alone are burning through billions of dollars as the conflict drags on. Allies question Washington’s decisions For decades Gulf monarchies relied on a security pact with the United States — hosting bases, buying weapons and aligning strategically with Washington. But analysts say trust has been shaken after Donald Trump launched strikes on Iran despite warnings from Gulf leaders about the consequences. Regional governments had assured Tehran their territory would not be used for attacks. Yet Iran has still targeted airports, ports, military bases and commercial infrastructure across the Gulf. Strategic rethink underway Diplomats now face a dangerous balancing act: urging de-escalation while fearing a weakened but still hostile Iran on their doorstep. Experts warn the crisis could accelerate Gulf states’ long-term push for greater strategic autonomy — even as they remain dependent on US protection. On the docks in Ras Al Khaimah, the human cost is already visible. Workers say business has collapsed as maritime activity grinds to a halt. “No boats are moving,” one marina worker said, pointing to the silent harbour. “No one knows when it will end.” 'Worst nightmare': Anger and frustration as Gulf states bear brunt of war they did not start
