Gulf producers are increasingly relying on alternative routes to keep crude moving as shipping disruptions expose the risks of depending on the Strait of Hormuz.

Rising Gulf tensions and new Iran–US strikes keep oil prices elevated as the Strait of Hormuz remains open but under severe security pressure.

Trump announces toll for Hormuz: US President Donald Trump said on Monday that the US is “reinstating” a blockade on Iran in the Strait of Hormuz. Not only that, Trump also…