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HSBC: New routes could bypass Hormuz in 5 years
The CEO of HSBC Group expects that investing in alternative logistical routes in the Gulf could make the Strait of Hormuz "indispensable" within the next five years, aiming to reduce reliance on the strategic waterway amid escalating tensions and regional conflicts, particularly Iran's war. He explained that the region is heavily investing in the development of pipelines and infrastructure projects worth up to $872 billion, despite anticipating a sharp economic contraction of 1.3% in 2026 due to conflicts, followed by a strong economic recovery in 2027.
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