Persian Gulf States To Build New Pipelines To Bypass Strait Of Hormuz: Report – The Cradle

 Persian Gulf States To Build New Pipelines To Bypass Strait Of Hormuz: Report

Israel is suggesting that pipelines carrying Gulf oil run through its territory to Haifa

Persian Gulf countries are making plans to build new oil pipelines to bypass the Strait of Hormuz, the strategic waterway that is now effectively shut to the US and its allies, and under Iranian control, the Financial Times (FT) reported on 2 April.

The Strait of Hormuz, the narrow passage through which roughly 20 percent of the world’s energy exports pass, has been largely closed since the start of the US-Israeli war on Iran that began on 28 February.

The strait is not likely to open any time soon due to the threat of Iranian missiles and drones, as well as skyrocketing insurance costs determined by western insurance firms.

Gulf states are therefore considering alternatives to mitigate the ongoing and future risk.

“Officials and industry executives say new pipelines may be the only way to reduce Gulf countries’ enduring vulnerability to disruption in the strait, even though such projects would be expensive, politically complex and take years to complete,” the FT wrote.

🔗SOURCE ➡️ The Cradle

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President Trump is reportedly extorting the GCC states for trillions of dollars to support the war

Saudi Arabia and the UAE are deepening their support for the US–Israeli war on Iran by expanding military cooperation and granting Washington broader access to Gulf territory to stage attacks on the Islamic Republic, Middle East Eye (MEE) reported on 20 March.

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