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Oil Gains 2.5% Amid US-Iran Tensions

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Housing Crisis Report from Al-Eqtisadiah

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Abdullah bin Zayed Highlights UAE's Focus on Cooperation and Stability

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Armani considers selling 15% stake

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22 Hrs2026-09-27T17:46:00.000Z
Armani considers selling 15% stake

Switzerland Maintains Neutrality Amid Changing Russia

البيانالبيانالبيان
23 Hrs2026-09-27T17:12:00.000Z
Switzerland Maintains Neutrality Amid Changing Russia
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New Energy Maps Seek Hormuz Alternatives

New Energy Maps Seek Hormuz Alternatives

The Hormuz Strait crisis prompted a reorganization of global energy markets, revealing the fragility of the oil and gas export system linked to this vital waterway. Tensions in the strait, such as attacks on ships and U.S. sanctions, caused the halt or reduction of approximately 20 million barrels per day of oil and gas shipments worldwide, impacting global supply chains—including chemical products, fertilizers, and the world's sulfur stockpile. This crisis pushed countries to seek alternative routes for energy transportation, such as the full operational launch of Saudi Arabia’s East-West pipeline, which now transports 7 million barrels daily, and new land and sea routes through Iraq and Syria. However, these alternatives remain limited by their operational capacity and infrastructure. The situation also exposed a heavy reliance on the Strait of Hormuz, through which about 20 million barrels of oil were transported daily in 2025, as well as approximately 93% of Qatar’s LNG exports, putting the global energy market at risk of long-term disruptions. Consequently, there has been increased interest in developing renewable energy sources, reducing dependence on narrow maritime corridors, and some countries are adopting strategies to diversify and bolster their reserves.

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