(EnergyAsia, November 22 2010, Monday) — In response to Iran’s constant threats to shut down the strategic Straits of Hormuz, the UAE has opened a naval base on its east coast to protect the passage of its crude oil exports. Iran has repeatedly stated it will stop all traffic through the straits if it is…
UAE: New naval base to protect oil exports in Straits of Hormuz
Posted on November 21, 2010 by EnergyAsia