The correct option is that Statement-I is incorrect, but Statement-II is correct. The Sumed pipeline, officially known as the Suez-Mediterranean Pipeline, connects the Red Sea with the Mediterranean Sea, allowing oil and gas from the Persian Gulf to bypass the Suez Canal. However, while it facilitates oil transport, it is not the primary route for Persian Gulf shipments to Europe, as much of this oil is still transported via tankers through the Suez Canal itself, making the first statement inaccurate. This distinction is significant in understanding global trade routes and energy security, which are key topics in geopolitical studies relevant to UPSC examinations.