The director of a Dubai-based humanitarian logistics hub said he hoped the accord between Iran and the United States to halt the West Asian war would drive down aid delivery costs after the shocks brought on by the conflict.
With more than 150,000 square metres (1.6 million square feet) of warehouse space, Dubai Humanitarian is the largest such hub in the world, and is used by dozens of organisations and UN agencies to respond to aid needs in West Asia, Africa and Southeast Asia, taking advantage of the UAE’s location and connectivity.
But the recent signing of a memorandum of understanding between Tehran and Washington spelling out an end to the fighting and negotiations towards a final accord should have a positive effect “even in a very short time period”, Giuseppe Saba told AFP on Thursday (June 18).
“The oil (price) is dropping down,” Mr. Saba said, adding he assumed risk insurance would also “automatically” fall with the end of hostilities.
-AFP
