Insurance news shows UAE beginning a new oil pipeline

Insurance News

It is designed to bypass the problems that would arise if Iran lives up to its threat to shut down a strait. The new pipeline in the United Arab Emirates is making insurance news as it was inaugurated on Sunday to create an important and long awaited bypass of the Strait of Hormuz. This provides the UAE with greater protection against Iran. Tehran has been threatening to block this vital waterway, which would cause a serious stoppage to Dubai’s ability to ship its oil internationally. This threat has become even…

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