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Pipelines Bypassing Hormuz Route Open | |
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July 16, 2012 Saudi Arabia and the United Arab Emirates have opened new pipelines bypassing the Strait of Hormuz, the shipping lane that Iran has repeatedly threatened to close, in a move that will reduce Tehran’s power over oil markets, the Financial Times reports. Source: http://www.cnbc.com/id/48192137?__source=RSS*tag*&par=RSS |
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