New UAE oil pipeline bypassing Strait of Hormuz 50% complete ahead of 2027 start - BNN Bloomberg
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0.00 · CENTER
ML v2 (DistilBERT)
0.277 · RIGHT
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0.639 · RIGHT
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Article Excerpt
The UAE’s new crude pipeline bypassing the Strait of Hormuz is about 50 per cent complete, the head of ADNOC said on Wednesday, adding that global oil flows may take at least four months to recover to 80 per cent of pre-conflict levels after the Iran war ends.
Tehran has largely kept the waterway critical for global oil and gas supplies shut to all ships other than its own since U.S.-Israeli strikes on Feb. 28, sending energy prices and inflation surging and fanning fears of an economic downturn.
The Abu Dhabi Media Office revealed the existence of the new West-East Pipeline project last wee…
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Jul 30, 2026
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