{ "id": 5105493, "title": "New pipelines will not make Strait of Hormuz ‘worthless’", "url": "https://urgent.news/2026/09/02/new-pipelines-will-not-make-strait-of-hormuz-worthless-5105493", "topic": "business", "section": "Business", "published": "2026-09-02T14:08:36.000Z", "source": { "name": "The National Business", "slug": "the-national-business", "url": "https://www.thenationalnews.com/business/energy/2026/09/02/why-new-pipelines-cannot-make-strait-of-hormuz-worthless/" }, "original_language": "en", "account": "Despite plans to construct pipelines, analysts believe that the Strait of Hormuz will remain vital for container shipping and natural gas transportation, according to Reuters. US Treasury Secretary Scott Bessent suggested that the strait would become \"worthless\" within two years once new pipelines divert oil to global markets, estimating that 70% of previous energy flow through the waterway would be redirected to pipelines. Gulf countries and Iraq are investing heavily in pipeline projects, yet the strait is predicted to remain strategically important due to the difficulty in replicating LNG and container shipping alternatives. Only a few ships pass through the strait daily, compared to over 100 before the war, which began six months ago. The UAE's Habshan–Fujairah pipeline and Iraq's Kirkuk to Baniyas pipeline are among the new projects, but these still account for only a fraction of the strait's regular oil flow. Container traffic alternatives exist but are less efficient and challenging to scale. LNG exports through the strait remain challenging to replace, with Qatar's Ras Laffan LNG facilities situated inside the Gulf. Despite Bessent's comments being interpreted as a negotiation tactic, analysts doubt that the strait will lose its significance in the near future, as alternative routes may still face vulnerabilities from drone and missile attacks.", "summary": "Dependence on the Strait of Hormuz is unlikely to end despite plans to build pipelines, say analysts, as the narrow channel will remain critical for container shipping and transporting natural gas. US Treasury Secretary Scott Bessent on Monday said that the strait “will be a worthless piece of water” in two years, once new pipelines are built that will help Gulf countries bypass it to transport…", "key_points": [], "editors_take": null, "illustration": null, "coverage": { "outlets": 14, "also_reported_by": [ { "outlet": "Saudi Gazette", "title": "Two Filipino seafarers die aboard Saudi vessel in Strait of Hormuz security incident", "url": "https://urgent.news/2026/09/02/two-filipino-seafarers-die-aboard-saudi-vessel-in-strait-of-hormuz", "published": "2026-09-02T09:59:40.000Z" }, { "outlet": "The National UAE", "title": "New pipelines will not make Strait of Hormuz ‘worthless’", "url": "https://urgent.news/2026/09/02/new-pipelines-will-not-make-strait-of-hormuz-worthless", "published": "2026-09-02T14:08:36.000Z" }, { "outlet": "Daily Times", "title": "Two oil tankers catch fire in Strait of Hormuz", "url": "https://urgent.news/2026/09/02/two-oil-tankers-catch-fire-in-strait-of-hormuz", "published": "2026-09-02T14:52:58.000Z" }, { "outlet": "Daily Post Nigeria", "title": "Two Filipino sailors killed in Strait of Hormuz attack on Saudi vessel", "url": "https://urgent.news/2026/09/02/two-filipino-sailors-killed-in-strait-of-hormuz-attack-on-saudi-vessel", "published": "2026-09-02T15:06:56.000Z" }, { "outlet": "New Straits Times", "title": "Trump suggests renaming Strait of Hormuz 'Trump Strait'", "url": "https://urgent.news/2026/09/02/trump-suggests-renaming-strait-of-hormuz-trump-strait-5121712", "published": "2026-09-02T15:37:17.000Z" }, { "outlet": "Ajel English", "title": "Two injured in oil tanker attack in Strait of Hormuz, UK maritime agency says", "url": "https://urgent.news/2026/09/02/two-injured-in-oil-tanker-attack-in-strait-of-hormuz-uk-maritime", "published": "2026-09-02T15:45:17.000Z" }, { "outlet": "The Hill", "title": "Trump floats renaming Strait of Hormuz after himself", "url": "https://urgent.news/2026/09/02/trump-floats-renaming-strait-of-hormuz-after-himself", "published": "2026-09-02T16:03:49.000Z" }, { "outlet": "Middle East Eye", "title": "Trump suggests renaming Strait of Hormuz 'Trump Strait'", "url": "https://urgent.news/2026/09/02/trump-suggests-renaming-strait-of-hormuz-trump-strait", "published": "2026-09-02T16:05:04.000Z" }, { "outlet": "The Korea Times", "title": "Trump floats renaming Strait of Hormuz as 'Trump Strait'", "url": "https://urgent.news/2026/09/02/trump-floats-renaming-strait-of-hormuz-as-trump-strait", "published": "2026-09-02T16:32:03.000Z" }, { "outlet": "South China Morning Post", "title": "Iran war: Trump floats renaming Strait of Hormuz as ‘Trump Strait’", "url": "https://urgent.news/2026/09/02/iran-war-trump-floats-renaming-strait-of-hormuz-as-trump-strait", "published": "2026-09-02T16:41:43.000Z" }, { "outlet": "Gulf News", "title": "Trump floats renaming Strait of Hormuz as 'Trump Strait'", "url": "https://urgent.news/2026/09/02/trump-floats-renaming-strait-of-hormuz-as-trump-strait-5144309", "published": "2026-09-02T18:07:40.000Z" }, { "outlet": "Al-Monitor", "title": "Trump floats renaming Strait of Hormuz as 'Trump Strait'", "url": "https://urgent.news/2026/09/02/trump-floats-renaming-strait-of-hormuz-as-trump-strait-5142451", "published": "2026-09-02T18:30:24.000Z" }, { "outlet": "Channel News Asia", "title": "Trump floats renaming Strait of Hormuz as 'Trump Strait'", "url": "https://urgent.news/2026/09/02/trump-floats-renaming-strait-of-hormuz-as-trump-strait-5157510", "published": "2026-09-02T19:43:07.000Z" } ] }, "ai_generated": true, "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original." }