EVs were meant to bypass oil. Now they’re stuck at the Strait of Hormuz
The closure of the Strait of Hormuz has highlighted two alternative oil pipelines in Saudi Arabia and the UAE, which can help offset the nearly 20 million barrels per day that typically transit through the strait. Energy analysts say these pipelines could partially alleviate the disruption, but the risk of infrastructure damage remains a challenge.
The Strait of Hormuz closure has thrust two oil pipelines into the spotlight. Saudi Arabia's East-West pipeline network and the UAE's Abu Dhabi Crude Oil Pipeline can bypass the strait. The East-West pipeline has a capacity of 7 million barrels per day, while the ADCOP pipeline can handle 1.5 million barrels per day. These pipelines may help offset the disruption to oil supplies. The conflict in the region has caused oil prices to be volatile, with Brent crude rallying to nearly $120 a barrel before falling back. The pipelines' capacity may be limited by the risk of infrastructure damage.
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