Gulf pipeline push to bypass Hormuz as oil tops $100

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Source: Euronews.com
Gulf pipeline push to bypass Hormuz as oil tops $100
Photo: Euronews.com
TL;DR Summary

With the Strait of Hormuz still volatile and Brent around $100 a barrel, Gulf oil producers are racing to build pipelines that route crude around Hormuz via the Red Sea, Suez Canal, and Gulf of Oman. Projects include Saudi Arabia’s East-West line, UAE’s Fujairah expansions, and Iraq’s plans to revive Kirkuk–Baniyas (and potential Basra–Aqaba), illustrating a broad shift to diversify routes even as Red Sea vulnerabilities and regional tensions pose ongoing risk.

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