New infrastructure projects seek to bypass Hormuz

Countries are developing infrastructure projects to reduce dependence on the Strait of Hormuz for fossil fuel exports, including new pipelines from the UAE and Iraq, strategic reserves partnerships, and the potential completion of Russia's Power of Siberia 2 pipeline to China. While renewable energy equipment sales have surged due to global supply chain concerns, the world's continued reliance on oil and gas is driving renewed investment in alternative export routes and infrastructure.