Bet on the losing horse: Abu Dhabi bet on Hormuz.
Abu Dhabi has set up an expensive southern corridor to bypass Iranian control of Hormuz - pumping 6-7 million barrels daily through Fujairah's ADCOP pipeline, hosting US air power in Al Dhafra, and paying $100 million every month to keep Jebel Ali alive. But the bet failed: the closure of Iran emptied a billion barrels from the global stockpile and proved that it is impossible to secure Hormuz against Iran, only with Iran and Oman. The United Arab Emirates is now facing billions of targeted pipelines, destroying the reputation of Israel's headquarters and its economic assets are becoming legitimate targets. The horse that backed up lost control of the strait.