Treasure Secretary Scott Bessent said oil pipelines will make Strait of Hormuz irrelevant in two years. Energy experts say that is unlikely to happen.
Workers walk in the Zubair oil field, whose operations have being reduced since the start of the Iran war, near Basra, Iraq, March 28.
Leo Correa/AP
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Leo Correa/AP
Oil producers are building or contemplating new pipeline projects to bypass the Strait of Hormuz, but this infrastructure is…
Goldman Sachs estimated that enough Mideast pipeline capacity could be added to insulate 75% of the pre-war Gulf exports by the…
West Asian oil producers are investing in pipeline projects to bypass the vulnerable Strait of Hormuz amid rising tensions.
US promotes Mediterranean oil pipelines to avoid the Strait of Hormuz. Traffic normalization by August 31 at 9.5% YES.
Saudi Arabia, the U.A.E. and Iraq are pouring money into pipelines, rail and storage to keep oil flowing even when the Strait of…
The Hormuz blockade exposed the vulnerability of Gulf energy exports, prompting major producers to accelerate pipeline projects…
