UAE oil pipeline: Abu Dhabi speeds Fujairah export route to bypass Hormuz

Abu Dhabi is accelerating a new oil pipeline project to export oil via Fujairah, aiming to bypass the Strait of Hormuz and mitigate risks associated with Iranian influence. This strategic move is intended to enhance energy security and reduce dependence on the Strait. The project is slated to begin operations in 2027 and could impact global oil prices.