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Gulf oil exporters invest billions to reduce Strait of Hormuz reliance

The New York Times says Gulf exporters are treating the Strait of Hormuz as an increasingly unacceptable concentration risk even if a cease-fire happens.

Reported · Written up by our desk · Trade & Tariffs

The New York Times reports that major Gulf oil exporters are spending billions of dollars to build alternatives meant to reduce dependence on the Strait of Hormuz.

The outlet says the shift is driven by the view that relying strictly on the chokepoint has become a risk Gulf exporters can no longer afford to take.

According to the report, the concern remains even if a cease-fire materializes, underscoring how route concentration is shaping long-term infrastructure plans.

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