UAE’s new $4.2 bil crude oil pipeline bypasses Straits of Hormuz

In a move to counter Iran’s geo-political threat to disrupt oil exports through the vulnerable Straits of Hormuz in the event of a military conflict between Iran and the West, the UAE began pumping crude oil for export in July 2012 through a new overland pipeline that bypasses the Straits. The 380 km (236 mi.) …