Saudi Arabia has shifted some of its oil exports away from the Strait of Hormuz, a sign of growing concern about the world's most important energy choke point. But most Gulf producers still do not have a reliable alternative route, according to reports.
Gulf exporters are investing billions of dollars to build new pipelines and other ways around the strait, recognizing that depending on it is a risk they can no longer accept. Even if a cease-fire eases tensions in the region, the push to find alternatives continues.
The strait, located between Iran and Oman, is a vital passage for global oil shipments. Saudi Arabia's move to redirect exports underscores how seriously Gulf states view the threat to shipping there, even as most remain without a dependable backup option.