DUBAI: The UAE’s new crude pipeline bypassing the Strait of Hormuz is about 50 percent complete, the head of ADNOC said on Wednesday, adding that global oil flows may take at least four months to recover to 80 percent of pre-conflict levels after the Iran war ends. Tehran has largely kept the waterway critical for global oil and gas supplies shut to all ships other than its own since US-Israeli strikes on February 28, sending energy prices and inflation surging and fanning fears of an economic downturn.

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…

ADNOC’s West-East pipeline to bypass the Strait of Hormuz is nearly 50% complete, boosting UAE oil export security and doubling Fujairah capacity by 2027.