A pipeline built for Iran may turn Israel into a major crude oil transportation hub | WHAT REALLY HAPPENED X-Frame-Options: SAMEORIGIN

A pipeline built for Iran may turn Israel into a major crude oil transportation hub

Following the normalization agreement between Israel and the United Arab Emirates, it is possible the UAE will make use of a crude oil pipeline originally built by Israel and pre-revolution Iran – and turn Israel into a major center for the transport of oil between regions, 246 Mag reports. In using the pipeline, the UAE could bypass transporting oil through the Suez Canal and save a great deal of money on shipping costs.

The Eilat-Ashkelon-Haifa oil pipeline was built in 1959, following the Suez Crisis of 1956. The pipeline was predominantly used to ship Iranian crude oil from Shah-era Iran to Europe, avoiding the Egypt-controlled Suez Canal. The transfer of oil from Iran to Europe through Israel was terminated after the Iranian Revolution of 1979, 246 Mag reports.

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