Hormuz Squeeze Is Redrawing the Oil Map for Good

Wall Street Journal: “For decades, the Persian Gulf’s energy map converged on a single chokepoint: the Strait of Hormuz. Now, spurred by the Iran war, the region’s petrostates are rushing to draw new lines to circumvent it.” “Across the Gulf, governments are pouring billions into new oil pipelines, rail corridors and energy storage hubs to […]