The move follows increased investments by Gulf nations in alternative logistics and energy infrastructure to mitigate risks associated with the ongoing war in Iran. By developing multiple exit points for oil, producers seek to protect their exports from potential disruptions or closures of the waterway, which currently serves as a vital global energy artery.
Tuesday, October 20, 2026
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HSBC CEO Says Strait of Hormuz May Be Redundant in 5 Years
Commodities10 hours ago
Energy exporters in the Middle East are expanding their pipeline networks to move crude away from the region's most critical shipping chokepoint. HSBC Chief Executive Georges Elhedery stated that the Strait of Hormuz could become redundant within 5 years as producers accelerate the construction of alternative routes to the Red Sea and Mediterranean. This strategic shift includes plans by Saudi Arabia to increase the capacity of its East-West pipeline to 10M BPD.
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