Before the Iran war, around 15 million barrels of Persian Gulf oil passed through the Strait of Hormuz every day, making the narrow waterway one of the worlds most critical energy chokepoints

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.