US promotes Mediterranean oil pipelines to avoid the Strait of Hormuz. Traffic normalization by August 31 at 9.5% YES.

Oil producers are building or contemplating new pipeline projects to bypass the Strait of Hormuz, but this infrastructure is still vulnerable, analysts said.

Oil and gas producers in the Gulf are seeking alternatives to the Strait of Hormuz as traffic again comes under fire. But is Iran also turning its attention to the pipelines meant…