Macro Finance
UAE Mulls Third Crude Oil Pipeline to Avoid Strait of Hormuz
Bloomberg Markets·November 4, 2026·1 min read
The United Arab Emirates is considering building a third oil-export pipeline to deliver crude outside the Strait of Hormuz, according to people familiar with the matter. The project aims to sharply reduce the country's dependence on the waterway, a key transit point for global oil shipments, potentially diversifying export routes and mitigating geopolitical risks.
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