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\f0\b\fs24 \cf0 \cb2 \kerning1\expnd2\expndtw10 BY JIM FLINK
\b0 \kerning1\expnd0\expndtw0 \
\b \kerning1\expnd2\expndtw10 ANCHOR LOGAN TITTLE
\b0 \kerning1\expnd0\expndtw0 \ \pard\pardeftab720\sl320
\cf0 \kerning1\expnd2\expndtw10 \uc0\u8232 \kerning1\expnd0\expndtw0 A new
oil pipeline bypassing the Straits of Hormuz is now pumping oil out of Abu Dhabi to the
rest of the world.\'a0A soothing sign for oil markets rattled and fearful by Iranian
threats in the area. Here\'92s{\field{\*\fldinst{HYPERLINK "http://www.bing.com/videos/search?q=Hormuz+pipeline&view=detail&mid=BE6E46EE5C2B020B51B9BE6E46EE5C2B020B51B9&first=0&sort=date"}}{\fldrslt
\kerning1\expnd2\expndtw10 \kerning1\expnd2\expndtw10
\ul euronews.}}\kerning1\expnd2\expndtw10 \uc0\u8232 \u8232
\b \kerning1\expnd2\expndtw10 \'93The Habshan Fujira pipeline which will
carry oils from fields in Abu Dhabi, will avoid the Straits of Hormuz, which have been
threatened with closure by iran in the past.\'94 \b0 \kerning1\expnd2\expndtw10
\uc0\u8232 \u8232 \kerning1\expnd0\expndtw0 A fifth of the world\'92s oil flows out of
Hormuz. Recent tough talk between Tehran and Washington has led to a spike in crude. {\field{\*\fldinst{HYPERLINK
"http://www.bloomberg.com/video/abu-dhabi-bypasses-hormuz-strait-with-new-pipeline-JSvdyvrMQqCN7wPXDaJ9tg.html"}}{\fldrslt \kerning1\expnd2\expndtw10
\ul Bloomberg}} explains how the pipeline will change that.\kerning1\expnd2\expndtw10
\uc0\u8232 \u8232 \b \kerning1\expnd2\expndtw10
\'93Transporting one and a half million barrels of oil a day, the pipe can link in with other
networks in the region. It is a start, but not enough just yet to squeeze out the Strait
of Hormuz.\'94 \b0 \kerning1\expnd2\expndtw10
\uc0\u8232 \u8232 \kerning1\expnd0\expndtw0 So while it doesn\'92t make Hormuz obsolete,
the new pipeline\'92s opening is being met with relief by some.\kerning1\expnd2\expndtw10
\uc0\u8232 \kerning1\expnd0\expndtw0 Check out the {\field{\*\fldinst{HYPERLINK "http://www.csmonitor.com/World/Latest-News-Wires/2012/0715/Sorry-Iran-UAE-opens-pipeline-around-Strait-of-Hormuz"}}{\fldrslt
\kerning1\expnd2\expndtw10 \ul Christian Science Monitor\'92s}} headline:
Sorry, Iran: UAE opens pipeline around Strait of Hormuz. CSM explains why the issue goes
well beyond the pump.\kerning1\expnd2\expndtw10 \uc0\u8232 \u8232
\b \kerning1\expnd2\expndtw10 \'93The narrow strait is patrolled by Iranian
warships as well as by the US Navy and its allies. It is the export route for about 17
million barrels of oil a day...\'94 \b0 \kerning1\expnd2\expndtw10
\uc0\u8232 \u8232 \kerning1\expnd0\expndtw0 Oil prices have remained high on the regional
tension.\kerning1\expnd2\expndtw10 \uc0\u8232 \kerning1\expnd0\expndtw0 Pessimists
have feared the worst in the region, but optimists have noted Iran has nothing to gain by starting
all-out war with a Hormuz blockade. Such was the take from {\field{\*\fldinst{HYPERLINK
"http://live.wsj.com/video/video/threats-in-the-strait-of-hormuz-and-oil-prices/9CC7F9DE-9100-469B-B0EC-09CB89C4A1F1.html#!9CC7F9DE-9100-469B-B0EC-09CB89C4A1F1"}}{\fldrslt \kerning1\expnd2\expndtw10
\ul Wall Street Journal}} analysts back in January.\kerning1\expnd2\expndtw10
\uc0\u8232 \u8232 \b \kerning1\expnd2\expndtw10
\'93Blocking the Straits of Hormuz would be a drastic step for Iran to take. And Iran
also depends on oil exports for its livelihood.\'94 \b0 \kerning1\expnd2\expndtw10
\uc0\u8232 \u8232 \kerning1\expnd0\expndtw0 It appears the pipeline won\'92t lessen the
military tensions in the region.\kerning1\expnd2\expndtw10 \uc0\u8232 {\field{\*\fldinst{HYPERLINK "http://www.albawaba.com/business/uae-iran-hormuz-434113"}}{\fldrslt
\kerning1\expnd2\expndtw10 \ul Al Bawaba}}\kerning1\expnd0\expndtw0 reports,
within the past few days, U.S. military officials have deployed more sea craft to monitor the
outflow of crude through Hormuz.\kerning1\expnd2\expndtw10 \uc0\u8232 \u8232
\b \kerning1\expnd2\expndtw10 \'93...the United States has deployed a fleet
of robot subs in the Gulf to prevent Iran from blocking the strategic Strait of Hormuz
with mines in case of a crisis ... The US military has been bolstering its presence
in the region and sent four mine sweeper ships in early June....\'94
\b0 \kerning1\expnd0\expndtw0 \ }