NDTV·3 min read·medium
New Port, New Pipelines: Gulf Nations' Billion-Dollar Push To Bypass Hormuz
✦AI Summary
Gulf nations are investing billions into new ports and pipelines to bypass the Strait of Hormuz for oil exports. This strategic move aims to reduce reliance on a single chokepoint and limit Iran's geopolitical influence over global energy supplies.
The goal is simple, to reduce dependence on one of the world's busiest oil routes and limit Tehran's ability to influence global energy supplies. Before the conflict, around one-fifth of the world's oil passed through the strait.
worldbusinesseconomy
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