SECURITYJul 23 · 15:41 UTCCBS NEWS WORLD

Middle East oil producers step up plans to bypass the Strait of Hormuz

Middle East oil producers are planning to invest billions in pipeline alternatives to bypass the Strait of Hormuz as Iran's attacks reduce ship traffic and cause oil prices to surge.

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IranplaceStrait of HormuzplaceGulf statesorganizationMiddle East oil producersorganization

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