Mutlu Civiroglu

PRESIDENT TRUMP: We had to do this little excursion in Iran. It was worth it to get rid of lunatics that would have nuclear weapons that can wipe out countries with the push of a button. It should’ve been done a long time ago, but I'm very proud to be doing it.

Iran reportedly attacked the Fujairah oil terminal. This is the endpoint of the ADCOP pipeline, the UAE's only Hormuz bypass. 1.5 million barrels per day of crude capacity, expandable to 1.8 million. This pipeline was built specifically so the UAE could export oil without transiting the Strait of Hormuz. Iran is not just hitting a coalition partner. They are targeting the infrastructure that lets oil flow without Hormuz. The only other major Hormuz bypass is Saudi Arabia's East-West pipeline to Yanbu, which was attacked in April and lost approximately 700,000 barrels per day of throughput. Iran's message is clear. If they cannot export through Hormuz, nobody bypasses it either.