New Oil Pipelines Aimed at Reducing Dependence on Strait of Hormuz Remain Vulnerable
Persian Gulf oil producers are developing or planning seven new pipeline projects to bypass the Strait of Hormuz, aiming to reduce reliance on this critical shipping chokepoint. However, analysts warn that these pipelines remain vulnerable to low-cost asymmetric attacks by Iran similar to those targeting tankers.
Topics: geopolitical risk oil infrastructure pipeline projects Strait of Hormuz