Closure of strait of Hormuz puts pressure on region’s economies amid growing resentment about conflict started by US and Israel

• Middle East crisis – live updates

An eerie quiet hangs over Ras Al Khaimah’s industrial port. Usually a thriving maritime hub of the United Arab Emirates, now ships stand docked and silent. Not far out along the hazy horizon, a backlog of hundreds of tankers have lined up in recent days, halted along a waterway flooded with danger.

Any vessel heading past Ras Al Khaimah out to the Arabian Sea must traverse the world’s most treacherous strip of water for shipping today: the strait of Hormuz. Just over 20 nautical miles from Ras Al Khaimah, two oil tankers heading for the strait were attacked by Iranian missiles this week, one catching fire.

High-net-worth residents of UAE heading to Ireland and France to wait out missile attacks before tax year ends

Wealthy UK nationals fleeing war in the Gulf are seeking sanctuary in countries such as Ireland and France to avoid hefty tax bills back home.

In the face of possible demands from HM Revenue and Customs, high-net-worth individuals who had been living in the United Arab Emirates and neighbouring countries are hoping to wait out the missile and drone attacks elsewhere rather than return to the UK.