Israel and several Gulf states are conducting negotiations to advance alternative solutions for oil and gas export via routes bypassing the Strait of Hormuz and the Bab el-Mandeb strait, according to a report by Israel Hayom's Danny Zaken.
This report, published by Israel Hayom's Danny Zaken, indicates that the diplomatic push to reduce dependence on the Strait of Hormuz is expanding beyond previous bilateral discussions. Earlier today, The Zioneer reported that Energy Minister Eli Cohen spoke with his Greek counterpart about advancing the IMEC land corridor, which would connect Saudi Arabia, Jordan, Israel, and Europe. The new report suggests that Gulf states are now directly engaged in discussions to develop alternative export routes, including options that bypass both the Strait of Hormuz and the Bab el-Mandeb strait. The talks come against the backdrop of heightened US-Iran tensions over the strategic waterway, which Iran has repeatedly threatened to close, as previously reported by The Zioneer. No further details on the specific routes or a timeline were provided.
2 developments
Source and signal
A single-sourced dispatch is never rated Confirmed or Strong. Its Signal strengthens only when a second, independent source corroborates it.
- Open-source intake