"No Way Out": a Lifeline for Global Oil in the Red Sea Is Now Also at Risk
12 Articles
12 Articles
Attacks on commercial vessels in the Middle East this month have virtually closed the vital Strait of Hormuz to oil tankers, disrupting the oil market and forcing producers to seek alternative routes to get their fuel to buyers…
The blockade of the Strait of Ormuz has made the Red Sea, for many, the only safe and reliable route to export all the oil and gas from the Middle East. However, are we really facing a viable alternative or are we going to put our trust back on a track susceptible to attacks and wars? To get an idea, the West already spent more than a billion dollars trying to protect the Red Sea maritime route without any effectiveness, since between 2025 and 2…
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