Gulf states weigh new oil export routes to reduce Strait of Hormuz reliance
AI summaryAccording to the Financial Times, Gulf countries are exploring alternative oil export routes—including pipelines, roads, and railways—to bypass the Strait of Hormuz amid ongoing conflict with Iran. The proposals, which could take years and require significant investment, are driven by recent disruptions and Iran's closure of the strait to certain vessels. The US-led IMEC project connecting India to the Mediterranean is among the options under discussion.