Iran now controls Strait of Hormuz
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What the US Navy accepts is risk to send ships through tends to be different than what the merchant ships do.”
Project expected to double ADNOC’s export capacity via Fujairah, helping UAE move crude outside blocked Strait
CBS News was unable to determine what type of mines were in involved in this latest assessment.
The UAE has redirected some oil exports through an existing pipeline to Fujairah, which has a maximum capacity of 1.8 million barrels per day.
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UAE reportedly halfway finished with oil pipeline that will bypass Strait of Hormuz
The pipeline was fast tracked in the wake of the blockade and is expected to be complete by 2027. It will double the UAE's export capacity.
Tensions are escalating again near the Strait of Hormuz after a ship anchored off the United Arab Emirates was seized and taken toward Iran and another was attacked and sank near the coast of Oman.
Memorial Day weekend itself is expected to see prices around $4.48 per gallon — significantly higher than last year’s holiday weekend, when prices were $3.14 per gallon. President Trump has brushed off Americans’ concerns about filling up, however, calling gas prices “peanuts” compared to the cost of Iran getting its hands on nuclear weapons.
India could face new economic and strategic pressure as US focus shifts from Iran to Cuba, raising concerns over global shipping, energy supplies and Indo-Pacific security.