Saudi Arabia has redirected oil exports away from the Strait of Hormuz, but most Gulf producers still lack a reliable backup option to the world's most important energy choke point.

Some of the world’s largest energy exporters dislike the emerging deal to reopen the waterway but fear going back to war would be worse. | World News

Persian Gulf energy producers are reportedly becoming increasingly resigned to Iran retaining significant control over the Strait of Hormuz, as efforts to reopen the vital…