Hormuz Squeeze Is Redrawing Oil Map for Good

Article excerpt

Saudi Arabia, the UAE, and Iraq are investing billions in pipelines, rail networks, and storage facilities to bypass the Strait of Hormuz, through which roughly one-third of global seaborne oil passes. The infrastructure projects represent a fundamental reshaping of Middle Eastern oil logistics, driven by recurring threats to shipping in the critical waterway. These investments could permanently alter global energy markets and reduce the geopolitical leverage that any single actor wielding control over Hormuz might exercise.