In the short term the new pipeline is likely to increase the already high levels of distrust between the UAE (and Gulf in general) and Iran.
VIDEO, AL JAZEERA: Ministers from members of OPEC are deeply divided over how much oil to pump. An Inside Story report.
VIDEO, AL JAZEERA: Both Iran and Saudi want their candidates in the top position. The last time the position came up the deadlock lasted 3 years.
ROB L. WAGNER: As tensions increase all parties are beginning to make calculations regarding the effect of a possible conflict in the Arabian Gulf.
MISHAAL AL GERGAWI: The GCC is at a crossroads – its growth requirements are in direct conflict with the needs of the world’s net consumers of oil.
JUAN COLE: While U.S consumers bemoan oil price rises it’s smiles all round in Iran. The OPEC chair is in no hurry to do anything about spiraling costs.