Pipeline, new port and container terminal: How Gulf nations building an alternative to Hormuz | World
Dubai: Amid ongoing conflict in the West Asia, several countries across the Persian Gulf are accelerating efforts to reduce their dependence on the Strait of Hormuz after repeated attacks on ships in the narrow strait. The move from these Gulf nations comes as the heated rivalry between the US and Iran continues to disrupt one of the worldโs busiest oil routes, raising concerns about the security of global energy supplies. Before the conflict, nearly a fifth of the world's crude oil, along with a significant share of Indiaโs liquefied natural gas, moved through this route every single day. Gulf nations…