Fighting in the Iran war is flaring up. Iran attacked the UAE oil port and several ships with drones. They center their bombing campaign on the UAE because the UAE supports the US and recently left the Arab oil cartel. Iran is trying to make the UAE the common enemy.
The UAE also backs tougher action against Iran. They were targeted by four missiles and several drones. One drone started a fire at their oil hub in Fujairah, where they pump most of their oil, since the Strait was closed. The US sent in destroyers to fend off further attacks.
Three of the missiles were intercepted, and one fell into the sea. Israel has provided them with a defense system.
The price of oil is rising.
The U.S. is supposed to escort ships through Hormuz today. If they are attacked, all hell will break loose for Iran.
Iran claimed they hit two US ships, which the US quickly denied.
Original Story
Saudi Arabia fully restored the East-West oil pipeline, the petroline. They can now bypass the Strait of Hormuz and pump 7,000,000 barrels a day. Saudi Arabia says it no longer needs the Strait of Hormuz. The UAE will also use Petroline and has its own pipeline in the Gulf of Oman.
The East–West Pipeline is a 1,200 km (about 750-mile) network that runs from Abqaiq in the eastern oil-rich province to the Red Sea port of Yanbu. It connects major oil processing facilities in the east to export terminals on the west coast, allowing crude to be shipped to global markets without passing through the Strait of Hormuz.
It now has a design capacity of 7 million barrels per day (bpd), with recent expansions pushing it to full operational capacity. Tankers are now flotilling to Yanbu to collect oil, creating a temporary Red Sea shipping hub.
Houthi drone and missile attacks on Red Sea shipping remain a risk. It was attacked in early April. It still only partially replaces what passed through Hormuz.
It’s not “breaking” news from today, but the data is correct according to Reuters, Bloomberg, and the Saudi Ministry of Energy.
The Abu Dhabi Crude Oil Pipeline
The Abu Dhabi Crude Oil Pipeline (ADCOP) runs from Abu Dhabi’s Habshan onshore fields to Fujairah on the Gulf of Oman, outside the Hormuz Strait. Operated by ADNOC and commissioned in 2012, the 360‑km pipeline has a capacity of about 1.5 to 1.8 million bpd.
They have been impacted by drone attacks.
There are four other smaller-capacity pipelines.