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As Gulf States Plan Bypass Pipelines, US Military Is Quietly Helping Ships Cross Hormuz

Tyler Durden's Photo
by Tyler Durden
Authored...

Three months ago, just as the Iran war was getting started, we said it was surprising that UAE's oil export terminal of Fujairah - already the Middle East's largest bunkering terminal for tankers transiting the Strait of Hormuz and major loading point for Murban crude - was not far bigger in terms of capacity and throughput as it bypasses the Straits completely, and we predicted a "major infrastructure push here after the war."