U.S. Hormuz Pipeline Claim Draws Expert Skepticism
#StraitOfHormuz #OilPipelinesU.S. officials claim pipelines will make Strait of Hormuz irrelevant, but experts disagree, citing slow construction, vulnerability to attacks, and limited capacity. Supply disruptions persist, keeping oil prices high, while LNG lacks pipeline alternatives, leaving consumers facing elevated costs for years. read more
US oil firms sign $60 billion in Iraq pipeline deals
#OilPipelines #EnergySecurityUS oil firms signed $60 billion deals with Iraq to create alternative Persian Gulf shipping routes, reducing Strait of Hormuz dependency amid Iran conflict. Pipelines could carry 14 million barrels daily by 2028, enhancing energy security. read more