The United Arab Emirates has accelerated construction of a major oil pipeline project after disruptions in the Strait of Hormuz severely affected global energy supplies and pushed international oil prices sharply higher. Crown Prince Sheikh Khaled bin Mohamed bin Zayed directed the Abu Dhabi National Oil Company to fast-track the West-East Pipeline project during a […]
UAE oil pipeline
Iran distrusts US despite renewed diplomacy efforts
Iran said Friday it wants to preserve the current ceasefire to give diplomacy a chance despite distrusting the United States. The UAE also accelerated a major oil pipeline project to bypass the Strait of Hormuz after recent disruptions. The developments are significant for global oil markets, regional stability, and international shipping routes. Iranian Foreign Minister […]