President Donald Trump said he will soon decide whether to lift sanctions on Chinese firms purchasing Iranian crude oil.
President Donald Trump said he will soon decide whether to lift sanctions on Chinese firms purchasing Iranian crude oil.
UAE fast tracks second West-East oil pipeline to bypass Strait of Hormuz https://t.co/UxUSAB1IYW
— CNBC (@CNBC) May 15, 2026
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The new pipeline, expected to begin operations in 2027, will expand the export capacity of Abu Dhabi National Oil Company, commonly known as ADNOC.
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Araghchi blamed “contradictory messages” from the U.S. for slowing efforts to reach a lasting agreement after last month’s ceasefire between Iran, the U.S. and Israel.
According to the United Kingdom Maritime Trade Operations, pirates are currently holding at least three vessels captured between April 21 and May 2.
The new pipeline, expected to begin operations in 2027, will expand the export capacity of Abu Dhabi National Oil Company, commonly known as ADNOC.
