An oil tanker cruises towards the Strait of Hormuz off the shores of Khasab in Oman in January 2012. A pipeline the UAE is building to pump oil from east coast terminals and bypass the Iran-threatened... more 

An oil tanker cruises towards the Strait of Hormuz off the shores of Khasab in Oman in January 2012. A pipeline the UAE is building to pump oil from east coast terminals and bypass the Iran-threatened Strait of Hormuz will be fully operational in August, an Abu Dhabi oil official said Tuesday less