UAE To Speed Up Construction Of a New Pipeline As Hormuz Strait Remains Closed

The UAE will speed up the construction of a new oil pipeline to bypass the Strait of Hormuz, which remains closed as hostilities between the U.S. and Iran continue. (Credit: AFP)

The UAE will speed up the construction of a new oil pipeline to bypass the Strait of Hormuz, which remains closed as hostilities between the U.S. and Iran continue.

The country's government announced that the goal is to double the country's export capacity through Fujairah by next year.