Gulf States' Contingency Plans for Hormuz

Before the war with Iran, the Strait of Hormuz was through which approximately 20% of global crude oil exports passed, making it a vital energy transit route. The current crisis and Iran's insistence on closing the strait have increased uncertainty regarding the safety of oil supplies, prompting Gulf countries, especially Saudi Arabia and the UAE, to strengthen and invest in alternative routes such as pipelines across the Red Sea and maritime routes around the Cape of Good Hope. Security risks on these alternative pathways are prominent, particularly due to Houthi attacks, and regional and international efforts are underway, including the possibility of building pipelines through Israel, in an attempt to reduce dependence on the Strait of Hormuz and mitigate the risk of disrupting global oil supplies.

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