Efforts by major Middle Eastern oil producers to build new export pipelines that bypass the Strait of Hormuz may reduce dependence on one of the world's most strategically important waterways, but energy analysts warn the projects will not eliminate Iran's ability to threaten global crude supplies.
According to a CNBC report, governments across the Gulf are accelerating pipeline construction after Iran and its regional allies intensified attacks on commercial shipping, exposing the vulnerability of oil exports that pass through the narrow maritime chokepoint.
