Iran Conflict Threatens Hormuz Strait's Oil Market Dominance
The ongoing conflict has highlighted vulnerabilities in global energy markets. In response, Gulf leaders are planning bypass pipelines to protect their oil supply, even as major powers push for renewable energy sources.
The conflict has brutally exposed the energy market's Achilles' heel. While global powers China, India and the EU push renewables, Gulf leaders are advancing plans for new bypass pipelines to safeguard their oil empires.