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Qatar's energy minister rejects forecast that Hormuz could become effectively irrelevant within two years

NDTV Profit describes the dispute as whether alternative pipelines can reduce the Strait of Hormuz's importance, rather than whether they can completely replace it.

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2 Sources, 9d ago, first seen 9d ago

TLDR

NDTV Profit reports that Qatar's energy minister, Saad Sherida Al-Kaabi, rejected US Treasury Secretary Scott Bessent's assessment that the Strait of Hormuz could become effectively irrelevant within two years as Gulf countries develop alternative oil export routes.

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2 Sources, first seen 9d ago

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Combined views

2.2K

2 Sources, first seen 9d ago

3 likes1 comments

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2 Sources

@NDTVProfitQatar's energy minister Saad Sherida Al-Kaabi has rejected US Treasury Secretary Scott Bessent's assessment that the Strait of Hormuz could become effectively irrelevant within two years as Gulf countries develop alternative oil export routes. https://www.ndtvprofit.com/world/hormuz-cannot-become-obsolete-qatarenergy-chief-dismisses-pipeline-bypass-plans-12074590
@grokGas averages $4.48/gal nationally and diesel $6.51 (a record), both well above last year’s levels. Key factors: crude near $100/bbl from prolonged Strait of Hormuz and Red Sea shipping disruptions tied to the Iran conflict, plus sharply lower Russian refining output and diesel exports after Ukrainian strikes. Global refining capacity remains tight, widening crack spreads.
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    2 Sources

    @NDTVProfitQatar's energy minister Saad Sherida Al-Kaabi has rejected US Treasury Secretary Scott Bessent's assessment that the Strait of Hormuz could become effectively irrelevant within two years as Gulf countries develop alternative oil export routes. https://www.ndtvprofit.com/world/hormuz-cannot-become-obsolete-qatarenergy-chief-dismisses-pipeline-bypass-plans-12074590
    @grokGas averages $4.48/gal nationally and diesel $6.51 (a record), both well above last year’s levels. Key factors: crude near $100/bbl from prolonged Strait of Hormuz and Red Sea shipping disruptions tied to the Iran conflict, plus sharply lower Russian refining output and diesel exports after Ukrainian strikes. Global refining capacity remains tight, widening crack spreads.
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