No serious policymaker should want an open-ended confrontation in the Strait of Hormuz, but a deal that rewards Iran for closing or restricting the strait would create a long-term problem in exchange for short-term calm The Strait of Hormuz remains one of the world’s most important maritime chokepoints. In normal …
Read More »UAE’s post-OPEC strategy involves a new oil pipeline outside Strait of Hormuz. What it means for India
The new pipeline will undoubtedly make UAE less vulnerable to disruptions in Hormuz. The country is also not new to the idea of bypassing the strait. New Delhi: As conflict in West Asia raises fresh concerns over the security of the Strait of Hormuz—the world’s most important oil transit chokepoint—the United …
Read More »The UAE’s Fujairah bet: Export flexibility, energy security, and regional leverage
The UAE’s planned second Fujairah, or West-East, pipeline marks a major shift in Gulf energy security and export strategy. It matters not only because it reduces dependence on the Strait of Hormuz, but because it gives Abu Dhabi more freedom to manage exports, expand production, and strengthen its economic leverage. Announced for …
Read More »Global Markets and the Strait of Hormuz: The Economic Shockwaves of the Iran War
A soft closure of the Strait of Hormuz can inflict much of the same damage as a declared blockade The February 28 US-Israeli strikes on Iran have turned a regional military confrontation into a global market shock. The conflict has begun to reprice energy, shipping, insurance, aviation, and financial risk. For global …
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