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2026-10-20T15:50:49.000Z

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Anthropik reports $80B loss in six months

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13 Hrs2026-10-20T23:44:00.000Z
Anthropik reports $80B loss in six months

Musk: SpaceX and Tesla explore merger

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15 Hrs2026-10-20T22:16:03.386Z
Musk: SpaceX and Tesla explore merger

Blackstone and Warburg Pincus explore IntervEX sale

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16 Hrs2026-10-20T20:53:00.000Z
Blackstone and Warburg Pincus explore IntervEX sale

Gold Council: Digital Market to Hit $170B by 2031

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18 Hrs2026-10-20T18:58:00.000Z
Gold Council: Digital Market to Hit $170B by 2031

Saudi Arabia processes 246.4 million POS trades

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22 Hrs2026-10-20T15:09:33.120Z
Saudi Arabia processes 246.4 million POS trades
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Alternative routes may replace Hormuz within 5 years

Reports and expert opinions suggest that the Gulf region is working on developing alternative routes for the Strait of Hormuz, aiming to make passage through it dispensable within five years. This is in order to reduce dependence on the strait, through which approximately 20 million barrels of oil pass daily—about a quarter of global oil trade. The measures include strengthening pipelines, enhancing port infrastructure, and expanding export capacities via ports outside the strait, such as Fujairah. Additionally, the Middle East and North Africa regions anticipate infrastructure investments totaling up to 1.4 trillion dollars, with the goal of diversifying trade routes and minimizing economic impacts if the strait is compromised. Reports affirm that these efforts are driven by security and economic threats to global energy supplies, and that strategic diversification is essential to avoid long-term economic losses.

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