Gulf revives oil export plans to bypass Hormuz

The long-term threat of Iranian control over the Strait of Hormuz, one of the world's most important trade routes, is forcing Gulf states to rethink their strategy. Senior energy industry officials told the Financial Times that countries in the region are now examining costly and complex plans to build new oil and gas pipelines that […] The post Gulf revives oil export plans to bypass Hormuz appeared first on www.israelhayom.com.