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CNN Arabic
Source: CNN Arabic
4 HrsCNN Arabic
Source: CNN Arabic
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Countries are working to develop alternative export routes for the Strait of Hormuz in order to reduce their dependence on it, especially as tensions and conflicts threaten its security. It is expected that the new export pathways will eventually carry about 60% of the oil that currently passes through the strait by 2028. Saudi Arabia's projects include expanding its pipeline network to export up to 9 million barrels per day, while the UAE is doubling its capacity to 3.6 million barrels. Meanwhile, Iraq, Syria, and Turkey are investing in new pipelines and oil export terminals to send oil westward across the Mediterranean Sea, significantly shifting the reliance away from the Strait of Hormuz.
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