ADNOC said the UAE's new crude pipeline bypassing the Strait of Hormuz is about 50% complete, and that global oil flows may take months to recover to 80% of pre-conflict levels after war's end.

The UAE is to fast-track construction of a new oil pipeline bypassing the Strait of Hormuz, official media said on Friday, after the Middle East war crippled exports through the…

Die Blockade der Straße von Hormus trifft Erdölländer wie die Vereinigten Arabischen Emirate hart. Eine neue Pipeline soll helfen, sich davon zu lösen. Sie wird offenbar früher…