UAE plans new pipeline to bypass Hormuz and double oil exports by 2027

The UAE plans to double its crude oil exports bypassing the Strait of Hormuz by 2027, aiming to reduce reliance on the chokepoint amid ongoing tensions with Iran. This move reflects the UAE and Saudi Arabia's efforts to maintain access to global markets as Iran continues to block vessels from transiting the Strait. The new pipeline will bolster energy security and increase export volumes.