BusinessPhoto: MintGulf States Explore Alternatives as Strait of Hormuz Faces Risk
The ongoing US-Iran conflict has highlighted the vulnerability of the Strait of Hormuz, a key oil transit point. Gulf countries are considering alternative routes, including pipelines, ports, and the IMEC project, to reduce reliance on this chokepoint. HSBC CEO Georges Elhedery predicts the Strait could become "redundant" within five years if these alternatives develop successfully.
Mint·



