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The UAE recently asked for the immediate return of the funds in the wake of the recent situation in the Middle East following the US-Israel war on Iran.
Despite the blockade, India has emerged as one of the countries with the highest number of ships passing through this route. At least eight Indian vessels have passed through the Hormuz Strait since the conflict started.
New Delhi, April 4 (IANS) Pakistan’s already weak economy is coming under fresh pressure as the country prepares to repay $3.5 billion to the United Arab Emirates this month, even as relations between the two sides show signs of strain.
US-Iran War Live Updates: The speech will offer Trump a wide audience to articulate clear objectives for the war that could attempt to reconcile weeks of changing goals