Bloomberg News

U.A.E. Can Export Oil If Iran Closes Strait, Official Says

January 26, 2012

Jan. 26 (Bloomberg) -- The United Arab Emirates will be able to use ports on the Gulf of Oman for oil exports if Iran closes the Strait of Hormuz, transit point for about a fifth of the global oil supply, Dahi Khalfan, Dubai’s chief of Police, said in an interview with Bahrain TV last night.

“Iran is capable of fomenting tension in the region,” he said in the interview, which was rebroadcast today. “We in the Gulf have cards in our hands that allow us to marginalize the role of the strait and undermine its importance.”

“We tell Iran if you try to close this place, we will open the other gates and nullify the importance of the Strait of Hormuz,” he added.

Iran has threatened to block the strait if an embargo against its oil exports is implemented. The European Union announced Jan. 23 that it would ban oil imports from Iran starting July 1 to pressure the Persian Gulf nation over its nuclear program.

--Editors: Digby Lidstone, Karl Maier.

To contact the reporter on this story: Donna Abu Nasr in Manama at dabunasr@bloomberg.net

To contact the editors responsible for this story: Andrew J. Barden at barden@bloomberg.net;


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