Oil Pipeline

More than 20,000 km of new pipelines are under discussion against the backdrop of the conflict in the Strait of Hormuz. Countries in the Persian Gulf and Africa have discovered the potential, which is already yielding profits: "Demand is not expected to fade."

The aspiration to break the Iranian siege on the Strait of Hormuz has given birth to a series of regional initiatives, including an attempt to revive the old oil pipeline between Kirkuk and the Syrian port of Baniyas. The US administration has expressed support for the project, which involves Chevron and Qatari investors. Israel risks losing its position as a regional energy hub.