By Charles Cornish-Dale

May 24th, 2026 6:29 AM

A major new oil pipeline to bypass the Strait of Hormuz is close to 50% complete—further evidence of the potential long-term effects of the Iran war on the global energy trade.

Sultan Ahmed Al Jaber, chief executive of the Abu Dhabi National Oil Company, said the project is being accelerated toward a planned completion date in 2027.

“Right now, too much of the world’s energy still moves through too few choke points,” Al Jaber said.

“That is exactly why the UAE made the decision more than a decade ago to invest in infrastructure that bypasses the Strait of Hormuz.”

He said the UAE’s second east-west pipeline is now almost 50% complete.

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