Can Oil Pipelines Replace the Strait of Hormuz?
Why Saudi Arabia’s Red Sea corridor, the UAE’s Fujairah pipelines and emerging export routes can reduce dependence on the Strait of Hormuz, but cannot eliminate its strategic importance. Executive Summary The Strait of Hormuz may become less indispensable to individual oil exporters without becoming irrelevant to global energy markets. The disruptions of 2026 have accelerated…