As Iran's attacks keep ship traffic through the Strait of Hormuz to a trickle and oil prices surge, Gulf states are planning to invest billions in pipeline alternatives.

With missiles replacing merchant ships in the Strait of Hormuz, activity in the world's most critical energy corridor is grinding to a halt—and a controversial proposal to charge…

Before the war in Iran, roughly 15 million barrels of Persian Gulf oil were shipped each day through the Strait of Hormuz.