Middle East oil producers advance pipeline projects to bypass the Strait of Hormuz. WTI Crude at $110 in July 2026 now at 4.4% YES.

A Houthi blockade against Saudi Arabian shipping underscores how new pipelines and export routes remain vulnerable

Middle East oil producers advance pipeline projects to bypass the Strait of Hormuz. WTI Crude at $110 in July 2026 now at 4.4% YES.

Oil prices surged 25% due to supply disruptions in the Strait of Hormuz. New all-time high by September 30 at 6.5% YES.