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UAE will bypass Hormuz with a new pipeline
Ship seen in the Strait of Hormuz off Oman
Fears Iran may close the strategically vital oil route through the Strait of Hormuz has prompted the United Arab Emirates to seek an alternate route to export its product.
OPEC’s third largest exporter of oil has almost finished constructing a pipeline that will allow it to reroute much of its oil exports, bypassing the Straits.
Twenty per cent of the...
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