UAE to ’accelerate’ new oil pipeline bypassing Strait of Hormuz

The UAE is accelerating the construction of a new oil pipeline bypassing the Strait of Hormuz, responding to disruptions in exports through the vital waterway caused by the Middle East war. This project aims to increase UAE’s oil production capacity and diversify its supply routes, addressing concerns about energy security and potentially impacting global energy markets. The move reflects a strategic effort to mitigate risks associated with the Strait of Hormuz.