UAE Secures Oil Routes Amid Gulf Tensions, Hormuz Risk

The United Arab Emirates is actively building new pipelines, railways, and expanding port capacity on its eastern coast to ensure its energy exports and trade are not vulnerable to ongoing US-Iran tensions and past attacks in the Strait of Hormuz. Presidential adviser Anwar Gargash stated this move aims to prevent its economy from being "held hostage" by regional conflicts, which previously caused energy prices to soar. This geopolitical instability in a key oil-producing region could maintain upward pressure on crude oil prices, potentially supporting gold as a safe-haven asset and increasing import costs for Pakistan, impacting USD/PKR.

بحوالہ / Source: www.dawn.com