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CoinNetwork · 2026-04-02T06:29:54+00:00

Gulf countries, threatened by Iran's control of the Strait of Hormuz, are re-evaluating expensive pipeline projects to ensure oil and gas exports and reduce dependence on the strait. Saudi Arabia's "East-West Pipeline" is gaining importance as a key export route, with the government considering expanding or building new pipelines to increase crude oil output.

CoinNetwork

2026-04-02 06:29:54

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News from the Coin World, according to a report from the Financial Times in the UK: because Iran’s potential long-term control of the Strait of Hormuz poses a threat, the Gulf states are reexamining their costly pipeline plans to bypass this major shipping chokepoint and ensure oil and gas exports. Government officials and industry executives say that although the pipeline projects are expensive, politically complex, and can take several years to complete, this may be the only way to reduce the Gulf states’ reliance on the strait. The current conflict further highlights the strategic value of Saudi Arabia’s 1,200-kilometer-long “east-west pipeline.” Built in the 1980s, the pipeline was originally intended to address concerns about the strait being closed as a result of the Iran-Iraq “tanker wars.” Today, it has become a critical lifeline, sending 7 million barrels of crude oil per day to Red Sea ports in Yanbu, fully bypassing the Strait of Hormuz. Saudi Arabia is currently considering how to export more crude oil via pipelines; specific options include expanding the capacity of the “east-west pipeline” or opening up new routes.

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