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/Gulf Oil Giants Are Spending Billions to Build Ways Around Strait of Hormuz

Gulf Oil Giants Are Spending Billions to Build Ways Around Strait of Hormuz

The New York Times

August 12, 2026 at 07:16 PM

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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.

Gulf Oil Giants Are Spending Billions to Build Ways Around Strait of Hormuz

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