As the US-Israeli war on Iran moves into its fourth week, global energy markets remain on edge.#USIsraelWarOnIran The conflict has significantly disrupted shipping traffic through the Strait of Hormuz, a narrow waterway that handles a major share of the world’s oil and liquefied natural gas exports.#CLARITYActHitAnotherRoadblock
With tanker traffic reduced and security risks rising, attention is now shifting to whether existing pipeline infrastructure in the region can offset some of the supply disruptions.
Three major pipeline routes are often highlighted as potential alternatives to the strait. The most significant is Saudi Arabia’s East-West pipeline, which runs from the kingdom’s oil facilities in the east to the Red Sea port of Yanbu. This route allows crude to be exported without passing through the Gulf chokepoint and has a capacity of several million barrels per day. $BTC
