Mideast Oil Producers Step Up Plans to Bypass Strait of Hormuz The ongoing blockade of the Strait of Hormuz has prompted Middle East oil producers to accelerate plans to redirect supplies through alternative routes.
In response, they are investing billions in pipeline projects that aim to reroute oil shipments through ports along the Red Sea, Suez Canal, and Gulf of Oman.
Before the Iran Iraq war, around 15 million barrels of oil passed daily through Hormuz. Analysts predict that up to 7. 3 million barrels per day could bypass the strait by 2028 via new pipelines.