Gulf States Accelerate Pipeline Alternatives to Hormuz

Gulf countries are racing to build new oil pipelines as alternatives to the Strait of Hormuz. A US official claimed the strait will be 'irrelevant' in 2 years, but experts push back, citing limited pipeline capacity and long construction timelines. This represents a long-term structural hedge against chokepoint risk, but not a near-term fix. Investors should watch for concrete construction milestones.