U.A.E. Can Export Oil If Iran Closes Strait, Official Says
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The United Arab Emirates will be able to use ports on the Gulf of Oman for oil exports if Iran closes the Strait of Hormuz, transit point for about a fifth of the global oil supply, Dahi Khalfan, Dubai’s chief of Police, said in an interview with Bahrain TV last night.
“Iran is capable of fomenting tension in the region,” he said in the interview, which was rebroadcast today. “We in the Gulf have cards in our hands that allow us to marginalize the role of the strait and undermine its importance.”