Oil-rich Gulf states are battling to ease international fears that Iran’s threat to close the Strait of Hormuz – and cut their main sea gateway to the world – has exposed their lack of alternative crude export routes.
Countries with pipelines that bypass the strait have only limited capacity, while others – notably Qatar, the world’s largest exporter of liquefied natural gas – have few or no alternatives.
The shortage of contingency plans has raised the stakes further in the political battle over Tehran’s warning, which came in response to western threats to impose sanctions on Iranian oil.
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