How Gulf Oil Is Escaping the Strait of Hormuz
Gulf oil producers are finding new ways around the Strait of Hormuz, but bypassing the world’s biggest oil chokepoint creates new risks. VLCC Rates Go Ballistic as Hormuz Turns Into a Freight Jackpot - VLCC prices are ballooning out of control (once again), pushing assessed earnings for a Middle Eas
Source: OilPrice.com
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DW NOTE
The headline promises routes around the strait. The standing context says it's been effectively closed since February and a 60-day ceasefire window just collapsed today with no further talks. So the piece is either describing export pivots that already happened months ago, or speculating about infrastructure that doesn't yet exist. Either way, Gulf producers have been living with this blockage for six months — if alternate routes were trivial, Brent wouldn't still be trading 23.5% off its 2026 peak.