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Hormuz Could Be ‘Redundant’ in Five Years, Replaced by New Routes, HSBC CEO Says

Investment in alternative logistics routes in the Gulf to mitigate the impact of the Iran war could make the Strait of Hormuz “redundant” in the next five years, HSBC Group Chief Executive Georges Elhedery said on Tuesday. The conflict has …

Hormuz Could Be ‘Redundant’ in Five Years, Replaced by New Routes, HSBC CEO Says

We haven't written up this one. Insurance Journal has the full story — the link below goes straight to it.

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