SENSEX
NIFTY
GOLD
USD/INR

Weather

image 34    C

Economy News

The Economic Times

Economy / The Economic Times

details

New UAE oil pipeline bypassing Hormuz 50% complete ahead of 2027 start

Iran, which has attacked vessels to assert control over the Strait, has expanded its definition of the waterway to include the UAE's Gulf of Oman coastline. The U.S. has imposed its own blockade on Iranian ports and attempted an aborted operation to reopen the chokepoint.

21 May 2026 12:39 am