Iran’s grip on Strait of Hormuz to weaken in next five years - Bloomberg
Bloomberg said in an opinion piece on Wednesday that Iran’s ability to control the Strait of Hormuz, a key global oil chokepoint, will gradually decline over the next five years as regional players expand alternative export routes.
"The recent ceasefire with the US highlighted Tehran’s strategic leverage, but neighboring countries have already begun bypassing the strait. Saudi Arabia and the UAE are expanding pipelines around Hormuz, while Kuwait and Iraq may follow, reducing Iran’s long-term influence over Gulf energy flows," the piece said.
Bloomberg added that even if future agreements affect the strait’s status, Iran’s dominance over this vital waterway will never match its strategic importance at the start of the recent fighting.
