A post by @DeItaone on X.
*UAE MULLS THIRD CRUDE OIL PIPELINE TO AVOID STRAIT OF HORMUZ
@DeItaone on X
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The UAE is considering building a third crude oil pipeline to bypass the Strait of Hormuz, according to a tweet from Walter Bloomberg. No capacity, cost, timeline or route details were disclosed. The move matters because the Strait of Hormuz is the world's most critical oil chokepoint, and a new line would reduce exposure to disruption there. Watch for official confirmation and any announced capacity or partner details.
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Named in this story
UAE, Strait of Hormuz, crude oil (OIL)
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