NYTIMES (Lisa Friedman) - Gulf Oil Giants Are Spending Billions to Build Ways Around Strait of Hormuz
Even if a cease-fire materializes, Gulf exporters recognize that relying strictly on the Strait of Hormuz is a risk they can no longer take.
Even if a cease-fire materializes, Gulf exporters recognize that relying strictly on the Strait of Hormuz is a risk they can no longer take.
'$2 million per ship'
Attacks on ships is the Hormuz waterway have all but shut down traffic there, upsetting energy supply systems and sending oil prices higher