Source: International Business Times
Saudi Arabia is studying an expansion of its East-West crude pipeline, which currently has capacity of about 7 million barrels a day and carries oil to the Red Sea port of Yanbu. Gulf states are accelerating investment in ports, pipelines and rail links as the Iran war exposes the risks of relying on the Strait of Hormuz, which carried about a fifth of global oil flows before the conflict severely disrupted shipping through the waterway. Saudi Arabia, the United Arab Emirates and other Gulf economies are now pushing projects designed to move oil and cargo without passing through Hormuz, where traffic has remained far below normal for much of the past six months.
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