US-Iran War: The Critical Role of Gulf Pipelines in Global Oil Supply | Business
As the Strait of Hormuz faces disruption, Saudi Arabia’s East-West and UAE’s Habshan-Fujairah pipelines are crucial overland routes for crude oil. These pipelines, designed for emergencies, are now vital shock absorbers for the global economy, preventing a full-blown market panic despite not fully replacing Hormuz’s capacity. Their continued operation is paramount. TL;DR: Driving the newsAs…
