UAE Weighs Third Crude Pipeline to Bypass Strait of Hormuz

The disclosure is notable less for what it confirms than for what it leaves out: no cost, capacity or timeline means the project is at the conceptual stage, and the market has little to price. The signal is strategic — the UAE is again treating Hormuz exposure as a structural risk rather than a temporary one, which matters for refiners, insurers and buyers who model Gulf supply routes. Whether a third line moves beyond deliberation, and how it would be financed and routed, is the open question.