New Delhi, April 5: With no end in sight to the ongoing conflict in West Asia, Gulf nations are intensifying efforts to reduce their reliance on the Strait of Hormuz, a vital transit chokepoint through which nearly 20 million barrels of oil pass daily, a report has said.
Rising geopolitical risks and recent attacks on shipping have pushed long-discussed alternatives, including pipelines and overland corridors, closer to implementation.
According to a report by…
