Will Gulf States Find New Oil Pipelines Fast Enough Reduce Hormuz Reliance

The article discusses Gulf states' efforts to reduce reliance on the Strait of Hormuz by developing new oil and gas pipeline projects. This directly affects global oil and LNG supply chains, as Hormuz is a critical chokepoint. The commercial mechanism is supply_shortage risk: any disruption at Hormuz would cause a spike in oil and gas prices, benefiting alternative routes and producers outside the Gulf. The impact is global but concentrated on energy markets and shipping. Winners: pipeline operators, non-Gulf oil producers (e.g., US shale, Russia). Losers: Gulf exporters reliant on Hormuz, global importers dependent on Gulf oil. The article does not specify concrete investment amounts or timelines, so the mechanism is weak/early stage.