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New Port, New Pipelines: Gulf Nations' Billion-Dollar Push To Bypass Hormuz
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Gulf nations are building a new port and pipelines to bypass the Strait of Hormuz.
The project aims to reduce dependence on the busy oil route and limit Iran's influence on global energy supplies.
Before recent conflicts, around one-fifth of the world's oil passed through the strait.
The initiative highlights strategic efforts to secure energy transport amid regional tensions.
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Who owns this?
Adani Group
Gautam Adani
Acquired by Adani Group in 2022 from the founders.
Wikipedia: Gautam Adani