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AXIOS (Emily Peck) - The push to bypass the Strait of Hormuz

Data: Global Energy Monitor, Axios research; Map: Danielle Alberti/Axios The oil market's top players aren't waiting around to see who winds up with control over the Strait of Hormuz — countries and companies are scrambling to bypass the waterway. Why it matters: The Iran war threw a spotlight on the strait as the longtime center of the global energy trade, and the industry now has a huge incentive to reduce its dependence , regardless of the war's outcome. - "The 2026 U.S.-Iran war and Strait of Hormuz disruption may ultimately be remembered less for triggering an immediate oil crisis than for accelerating global efforts to reduce dependence on the world's most important energy chokepoint," Bloomberg Intelligence analysts wrote in a…

Data: Global Energy Monitor, Axios research; Map: Danielle Alberti/Axios The oil market's top players aren't waiting around to see who winds up with control over the Strait of Hormuz — countries and companies are scrambling to bypass the waterway. Why it matters: The Iran war threw a spotlight on the strait as the longtime center of the global energy trade, and the industry now has a huge incentive to reduce its dependence , regardless of the war's outcome. - "The 2026 U.S.-Iran war and Strait of Hormuz disruption may ultimately be remembered less for triggering an immediate oil crisis than for accelerating global efforts to reduce dependence on the world's most important energy chokepoint," Bloomberg Intelligence analysts wrote in a…Open