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Israel-UAE oil deal cancellation could lead to severing ties | Source: Middle East Monitor

Israeli Environmental Protection Minister Tamar Zandberg arrives for a photo at the President’s residence during a ceremony for the new coalition government in Jerusalem, on June 14, 2021. 

A decision by Israel to freeze a major oil deal with the UAE to Israel might lead to ties between the two countries being severed. The deal to develop the Eilat-Ashkelon oil pipeline would enable UAE oil tankers to unload in Eilat from where oil would be pumped to the Mediterranean port, bypassing Egypt’s Suez Canal.

Source: Middle East Monitor


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