Gulf oil producers are spending billions of dollars on pipelines designed to route crude around the Strait of Hormuz, as Iran's grip on the waterway drags on and the region's most important export artery remains precarious.

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.