Before the war in Iran, roughly 15 million barrels of Persian Gulf oil were shipped each day through the Strait of Hormuz. Within a few years, much of that oil
Before the war in Iran, roughly 15 million barrels of Persian Gulf oil were shipped each day through the Strait of Hormuz. Within a few years, much of that oil could bypass the strait.
As Iran’s chokehold over the strait drags on and oil prices surge, countries across the Gulf are planning to spend billions of dollars to build pipelines enabling them to redirect more supplies to ports along the Red Sea, Suez Canal and Gulf of Oman.
Middle East oil producers step up plans to bypass the Strait of Hormuz
Gulf nations accelerate pipeline projects amid Hormuz tensions
West Asia oil producers step up plans to bypass Strait of Hormuz
Gulf oil producers race to build alternatives to the Strait of Hormuz
Middle East oil producers seek Strait of Hormuz alternatives as the U.S.-Iran war escalates
Oil producers race to build alternatives to Hormuz as oil hits $100
The world is looking ahead toward a post-Iran oil market that offsets most Hormuz volumes in a few years as ships reject a U.S.-backed alternate route | Fortune
Gulf oil producers invest billions in pipelines to bypass Strait of Hormuz
US pushes Mediterranean oil pipelines to bypass Strait of Hormuz amid tensions
Middle East oil pipelines aim to bypass Strait of Hormuz amid tensions
