Hormuz Bottleneck: Gulf Energy Has a ‘Plan B’
Government
The Strait was once an unavoidable path for global energy. Now, Gulf producers must find strategic workarounds. The Gulf’s oil giants need options. With the Strait of Hormuz proving increasingly vulnerable to geopolitical disruptions and U.S.-Iran tensions escalating, Abu Dhabi National Oil Company (Adnoc) and Saudi Aramco are investing billions in export routes that reduce their reliance on the strategic waterway. Speaking Tuesday at S&P Global’s Middle East Petroleum & Gas Conference in
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