New Port, New Pipelines: Gulf Nations' Billion-Dollar Push To Bypass Hormuz

Gulf nations are investing billions to develop new ports and pipelines to bypass the Strait of Hormuz, a crucial but volatile oil transit route. This move aims to minimize dependence on the strait, which has seen heightened tensions due to geopolitical conflicts, and to circumvent Tehran's potential influence over global energy supplies. With around one-fifth of the world's oil passing through the strait, these investments reflect a strategic shift to ensure energy security and diversify supply routes in a more unpredictable global landscape.