Gulf oil producers race to build alternative routes to the Strait of Hormuz

North America Business Sat, 25 Jul 2026 09:09:34 GMT Moderate confidence — 64/100

Before the war, roughly 15 million barrels of Gulf oil passed through the Strait of Hormuz every day, as roughly a fifth of the world's traded oil moved through the maritime chokepoint in peacetime.
With the Iran war reignited this month, Brent crude is trading again at around $93 a barr

Unverified

Before the war, roughly 15 million barrels of Gulf oil passed through the Strait of Hormuz every day, as roughly a fifth of the world's traded oil moved through the maritime chokepoint in peacetime.
With the Iran war reignited this month, Brent crude is trading again at around $93 a barr

Sources: Euronews