UAE Finds New Way to Ship Oil, Bypassing Iran’s Chokepoint

The United Arab Emirates is using a new terminal to move oil outside the Strait of Hormuz, cutting out Iran's influence over the vital trade route.

The United Arab Emirates (UAE) is making a major move to protect its oil business. For a long time, most of the oil coming out of the Gulf had to pass through a narrow stretch of water called the Strait of Hormuz. Iran sits right next to this strait and has often threatened to close it or block ships from passing through. Now, the UAE has found a way around this. They are spending billions of dollars to move their oil through a different route that ends at a terminal outside the strait. By doing this, they don't have to worry as much about Iran trying to interfere with their ships. This is…