Energy Firms Seek Alternatives to Strait of Hormuz

Gulf French energy giant TotalEnergies has urged greater investment in pipelines and logistics infrastructure designed to bypass the Strait of Hormuz. The company’s leadership believes alternative export routes are becoming increasingly important for global energy security.

The proposal could create significant investment opportunities across Saudi Arabia, the UAE, Iraq, and neighboring countries as governments expand regional energy networks.

Source

Reuters – 24 June 2026