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

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.