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Seven Pipeline Projects That Could Break Iran's Grip On Hormuz Chokepoint
['Tyler Durden']
ZeroHedge News
At least seven major pipeline projects are under construction, being planned or under discussion, according to the Associated Press.
Saudi Arabia's East-West pipeline already provides the region's most important alternative, carrying crude from Abqaiq to Yanbu on the Red Sea.
The UAE has also increased oil shipments to Fujairah on the Gulf of Oman, bypassing Hormuz.
This would create yet another export route that would entirely bypass the Hormuz chokepoint and, in turn, erode Tehran's leverage over shipping traffic.
Our coverage on the Gulf energy rewiring:What's key to understand here is that seven projects by U.S.-aligned Gulf states are set to rewire energy flows in the Gulf region, which will only erode Tehran's leverage over Hormuz.