HSBC Sees Hormuz Becoming Redundant in Five Years
HSBC CEO Georges Elhedery says Gulf bypass pipelines and storage plans could make the Strait of Hormuz redundant within five years.
The acceleration of plans for alternative routes to ship oil out of the Middle East could make the Strait of Hormuz “redundant” in five years, Georges Elhedery, chief executive of banking giant HSBC Group, said at the HSBC Future Forum 2026 in Dubai ... [1984 chars]
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