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Oil Routes Shift Away from Hormuz | Irvine News
Published 2 weeks, 2 days ago
Description
Oil giants are rerouting their shipments as the Strait of Hormuz becomes increasingly unstable—nations are pouring billions into new pipelines to bypass this volatile chokepoint, seeking energy independence amid rising tensions and oil prices. With seven major projects underway, the move is less about cost and more about survival, even as new threats emerge, like Houthi attacks in the Red Sea.
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