Finance

Landmark agreement in sight as Israel signs provisional deal to transport UAE oil

Agreement will provide oil producers and refiners the shortest and most cost-effective route to transport oil from the Persian Gulf to markets

Deal: a boy looks at the Mediterranean Sea as he stands on rocks at the beach in the southern Israeli city of Ashkelon
Deal: a boy looks at the Mediterranean Sea as he stands on rocks at the beach in the southern Israeli city of AshkelonPhoto: REUTERS/SCANPIX
  • Nishant Ugal
United Arab EmiratesAbu DhabiIsraelMiddle East
Published 21 October 2020, 10:27Updated 21 October 2020, 10:28