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- The request from Saudi Arabia and the UAE signals growing urgency among Gulf producers to build durable alternatives to the Strait of Hormuz, following the disruption caused by the Iran conflict.
- Japanese involvement, if it materializes, would add a major Asian buyer's financial and strategic weight behind pipeline expansion projects already under way in the UAE and being considered in Saudi Arabia.
- For now, Japan's refining constraints limit how quickly it can pivot away from Middle Eastern grades toward US crude, meaning any near-term shift is likely to be gradual rather than a wholesale cha
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- The request from Saudi Arabia and the UAE signals growing urgency among Gulf producers to build durable alternatives to the Strait of Hormuz, following the disruption caused by the Iran conflict.
- Japanese involvement, if it materializes, would add a major Asian buyer's financial and strategic weight behind pipeline expansion projects already under way in the UAE and being considered in Saudi Arabia.
- For now, Japan's refining constraints limit how quickly it can pivot away from Middle Eastern grades toward US crude, meaning any near-term shift is likely to be gradual rather than a wholesale cha
Sources: Investinglive