Hormuz Alternative Oil Routes Inadequate to Cope with Demand
This is Beirut, 16/03 16:15 - Reading : 4 minute(s)
United Arab Emirates Bahrain Gulf Kuwait Middle East
Iran's threats against oil tankers transiting the Strait of Hormuz -- a chokepoint through which some 20 percent of global exports pass in peacetime -- has forced countries in the region to seek alternative routes. But analysts warn those routes are not yet sufficient to deal fully with global oil demand. "Saudi Arabia and the UAE can reroute ...









