Gulf States Rush to Reduce Hormuz Dependence After Iran War Shock (opens in new tab)

The Strait of Hormuz is one of the world’s most important energy chokepoints, carrying roughly a fifth of global oil and liquefied natural gas exports. For decades, Gulf producers operated under the assumption that a full closure was unlikely because it would damage Iran’s own economy and require significant military resources. That assumption changed during […] The post appeared first on .