The United Arab Emirates has been ramping up oil exports from a vital port that lies outside the Strait of Hormuz, after some of the biggest crude loading infrastructure resumed operations following Iranian drone strikes earlier this month.
The largest crude operations by Abu Dhabi National Oil Co. in Fujairah are picking up after they had halted March 14. The port in the UAE’s east coast has a critical role as an outlet for oil bypassing the all-but shut Hormuz waterway, making it among the energy sites most frequently targeted by Tehran. After Saudi Arabia’s Red Sea port of Yanbu, it’s the biggest exit point for Persian Gulf crude circumventing the maritime chokepoint.
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