UAE Will Double Oil Export Capacity Bypassing Hormuz by 2027
Low Severity
Global
Date OccurredMay 15, 202612:47 UTC
Event TypeMaritime & Logistics
SourcegCaptain
RecordedMay 15, 2026
Full Description
The United Arab Emirates will double its capacity to export crude oil bypassing the Strait of Hormuz by next year, as it seeks to reduce reliance on the shipping chokepoint.