The U.S. and Gulf states are pursuing new oil and trade routes designed to bypass Iran-controlled Hormuz and Bab el-Mandeb chokepoints.

Iran and Oman are nearing a deal for a new shipping route through the Strait of Hormuz. This agreement is seen as vital for ending the ongoing war and resuming normal oil traffic.…

The U.S. and Gulf states are pursuing new oil and trade routes designed to bypass Iran-controlled Hormuz and Bab el-Mandeb chokepoints.