Gulf states accelerate oil export alternatives as Hormuz disruption deepens
Oil-exporting states around the Gulf are moving faster to reduce their dependence on the Strait of Hormuz as renewed attacks on tankers and the wider US-Iran war disrupt one of the world's most important energy corridors. The latest reporting says the strait is closed again, commercial vessels have been struck while transiting the waterway, and governments are now planning more pipelines and even a new port to keep crude moving. The developments underline how quickly the conflict has turned a narrow shipping lane into a central pressure point for global energy supplies.The immediate concern is the scale of the traffic... [Continue Reading]
360LiveNews | 17 Jul 2026 20:00 LONDON
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