Can Strait of Hormuz become ‘redundant’ in 5 years as Iran war drags on? Here are the alternate routes for Gulf states
The US-Iran war has exposed the Strait of Hormuz’s vulnerability, prompting Gulf nations to explore alternative oil routes. HSBC CEO Georges Elhedery says it could become “redundant” in five years. But can pipelines, ports and IMEC reduce dependence on the critical chokepoint?
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