22 Hrs
اقتصاد| الجزيرة نت
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اقتصاد

2026-09-01T16:11:35.000Z

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Egypt starts unloading stuck gas shipment

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21 Hrs2026-09-01T16:50:00.000Z
Egypt starts unloading stuck gas shipment

Saudi Arabia launches electronic individual payments

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22 Hrs2026-09-01T16:24:01.850Z
Saudi Arabia launches electronic individual payments

Nokia opens R&D center in Saudi Arabia

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22 Hrs2026-09-01T16:12:26.295Z
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Saudi supports green tech in communications and space

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22 Hrs2026-09-01T15:53:17.216Z
Saudi supports green tech in communications and space

BYD's sales rise for fourth month

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23 Hrs2026-09-01T14:50:00.000Z
BYD's sales rise for fourth month
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US Treasury Secretary predicts Persian Gulf decline

U.S. Secretary of the Treasury Scott Bissent confirmed that the oil pipelines currently under development will surpass the Strait of Hormuz within two years, rendering the maritime corridor that Iran currently controls the navigation through "a worthless waterway," according to Bloomberg News Agency. This comes after renewed American-Iranian clashes and attacks on oil tankers near the strait. It is expected that these pipelines will reduce dependence on the Strait of Hormuz, but they will not be able to replace it entirely, as transporting 50-70% of energy products relies on the new pipelines, which are still unable to handle the full current flow. Data indicates that over 20 million barrels per day were passing through Hormuz in 2024, and the strait remains a key hub for global oil transportation. Experts emphasize that Hormuz will continue to be a vital point in the energy market despite the ongoing development of alternative pipelines.

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