United Arab Emirates & Wood Mackenzie

United Arab Emirates: The UAE is a major oil exporter that has rerouted shipments via Fujairah to avoid the strait. It faces regional tensions and has suspended financial transactions with Iran.

Wood Mackenzie: Consultancy expects refining margins and utilization to remain strong through the decade.

United Arab Emirates: The UAE has been hit by Iranian strikes and is using 'dark tankers' to bypass the strait. Its exports have been affected but it remains a key player.

Wood Mackenzie: Consultancy expects refining margins and utilization to remain strong through the decade.

United Arab Emirates: Refineries offline due to Iran conflict, reducing regional refining capacity.

Wood Mackenzie: Consultancy expects refining margins and utilization to remain strong through the decade.

United Arab Emirates: The United Arab Emirates is a Gulf ally that was significantly impacted by Iranian attacks during the war. Its leaders have met with Marco Rubio to discuss their security and economic concerns regarding the Iran deal.

Wood Mackenzie: Wood Mackenzie, an energy firm, has estimated Iran's oil output decline and onshore storage levels, highlighting the economic pressure on Iran.

Wood Mackenzie: Wood Mackenzie, through its SVP Alan Gelder, offered historical context and projections on oil price increases due to the conflict.

Wood Mackenzie: Wood Mackenzie is a global leader in analytics, insights, and proprietary data across the energy and natural resources landscape. It has published new analysis outlining three distinct outcomes for global LNG markets following the closure of the Strait of Hormuz.