On March 3, just days after the first US and Israeli strikes on Iran, when most of the market was still busy pricing the closure of the Strait of Hormuz as a temporary inconvenience, we pointed out something that seemed rather obvious (to us): the UAE's oil port of Fujairah, which sits on the Gulf of Oman and bypasses the strait completely, was far too small for its strategic importance - and that would change.
Surprising Fujairah is not a bigger oil terminal: it bypasses the straits completely.
— zerohedge (@zerohedge) March 3, 2026
Expect major infrastructure push here after the war. https://t.co/Do1gK7KBDQ
Six days later we went one step further:
After this crisis, every Gulf pipeline has to end either in Yanbu or Fujairah alongside massive terminal infrastructure https://t.co/fNBywD3Wr1
— zerohedge (@zerohedge) March 9, 2026
Seven months later, the "major infrastructure push" has a name, a sponsor, and a checkbook. According to a new Bloomberg Big Take, Abu Dhabi Crown Prince Sheikh Khaled bin Mohamed Al Nahyan - who took the helm of the emirate's $300 billion L'imad Holding sovereign fund weeks before the war began - is now the point man for what the UAE is officially
