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large-scale Iranian military maneuvers in the Strait of Hormuz, in a clear warning sign to those threatening its control over the strait
A few days ago, the Iranian Revolutionary Guard Corps carried out “large-scale” military maneuvers and exercises off the Strait of Hormuz, in which the naval and air forces participated. The Iranian satellite “Noor”, which was launched in its orbit earlier this year, also participated in it. The exercises concluded with a military operation against a fake US aircraft carrier. “
These developments confirm the dispute between the United States and Iran over its controversial nuclear program. Of course, the possibilities of confrontation between the two sides increase, and with increasing possibility of Iran implementing its threat to close the narrow waterway at the southern tip of the Persian Gulf, the “Strait of Hormuz”, which is the artery of the flow of oil supplies from the Gulf to all parts of the world.
Iran threatens from time to time to close the strait, thus halting about 30% of the global oil trade. This is because about 15 supertankers cross the strait every day, bound for many energy-thirsty countries in the East and West. The strait is therefore considered a bottleneck and a choke point for oil exports from the Gulf region.
The Gulf oil-exporting countries take initiatives to find other outlets to export their oil, so that they avoid passage through the Strait of Hormuz.
The UAE is at the forefront of these countries, taking advantage of the distinguished geographical location of the Emirate of Fujairah, which has a coast that overlooks the Gulf of Oman away from the strait.
Therefore, operation of the pipeline began in 2012, supported by the Abu Dhabi International Petroleum Investments Company (IPIC). The Habshan Fujairah project has the capacity to handle 1.5 million barrels per day, and Fujairah has the potential to receive and ship 70% of the UAE’s total crude oil production.
Dr. Sultan Al-Jaber, CEO of the Abu Dhabi National Oil Company (ADNOC), is looking forward to risk-free prospects for exporting UAE oil. Therefore, he is working on pumping more investments in Fujairah projects that are playing a major role in ADNOC’s commercial ambitions.
