Dubai and the Straits of Hormuz by Mike Whitney

United Arab Emirates is located at the center of an oil-dependent world. This tiny state forms the promontory that juts out into the famed Straits of Hormuz through which 40% of the world’s oil passes every day. Across the narrow straights sits Iran, the next victim on the list of "axis of evil" nations. Any attack on Iran will require that military forces quickly deploy to Dubai to forestall the closing of the straits and the subsequent devastation that would cost to world oil supplies and financial markets.