Heh - Iran threatens to close the Straits of Hormuz
And what do the United Arab Emirates do? Route around the damage.
From the
Christian Science Monitor:
Sorry, Iran: UAE opens pipeline around Strait of Hormuz
The United Arab Emirates on Sunday inaugurated a much-anticipated overland oil pipeline that bypasses the Strait of Hormuz, giving the OPEC member insurance against Iranian threats to block the strategic waterway.
The 380-kilometer (236-mile) Abu Dhabi Crude Oil Pipeline snakes across western desert dunes and over the craggy Hajar mountains to the city of Fujairah on the UAE's Indian Ocean coast, south of the strait.
Until now, all Emirati exports were loaded in the Gulf and then sailed out through Hormuz. Once it is running at full capacity, the pipeline could allow the country, OPEC's third biggest exporter, to ship as much as two-thirds of its peak production through the eastern port city.
Heh -- it doesn't handle the full capacity but once it is up and running, they can use the revenues to build a second pipeline along side the first. Iran just lost a major bargaining chip...
Posted by DaveH at July 17, 2012 2:45 PM