Dubai’s $6 billion island project is facing logistical and security challenges as the conflict involving Iran, the United States and Israel disrupts regional airspace, shipping and workforce safety, the Financial Times reports. Although the United Arab Emirates has not seen direct battlefield engagements, the wider instability is increasing costs and delaying major infrastructure and tourism developments. The UAE’s economy is also under pressure from disruptions to shipping, energy exports and tourism, despite improvement in parts of its non-oil sector and liquidity support for businesses and residents. Prediction-market pricing for Strait of Hormuz traffic returning to normal by December 31 fell to 17.5% YES from 20% in the previous 24 hours. An earlier account in the existing record cited a decline from 24% to 17.5% over a week, creating a discrepancy in the comparison period. Diplomatic developments involving Iran and the United States, statements from U.S. Central Command officials, and any UAE changes to project timelines will be closely watched.