In the shadow of Iran a new UAE oil port is transforming energy sector - Telegraph

In the shadow of Iran a new UAE oil port is transforming energy sector - Telegraph:



"In response to Iran’s strategic grip over oil passing through the Strait of Hormuz, a new export route for crude from the Persian Gulf is growing on the coast of the Arabian Sea, with the potential to transform global energy markets.



Giant tankers now queue in lines stretching for miles to load oil or refuel at Fujairah – a sleepy sheikhdom in the United Arab Emirates (UAE) – after the government invested billions of dollars into building a giant oil pipeline across the rugged Hajar mountains, with the aim of ending the potential stranglehold that Iran could place on the nation’s exports of crude.



The 21-mile-wide Hormuz channel handles a third of the world’s oil-tanker traffic and connects the Persian Gulf’s sheikhdoms to the Arabian Sea. Fears that Tehran could choke off exports shipped through it have been a concern weighing on oil markets for decades."



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