Could bypassing the Strait of Hormuz save the global economy? ⚓️

0:00
A big issue is how do you deal with the
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Strait of Hormuz going forward? 20% of
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the oil go there. Now, we know that
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Qatar is going to be down for at least 3
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to 5 years with about 70% of its
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capacity of gas production or export. By
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the time they fix it, this is about 3.4
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to 3.5% of the global gas supply. This
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will have an impact. So, actually, the
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whole world is paying for it. I think
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what we need to do is to make sure that
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that part of the world is one is even
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further resilient in order to find a
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solution to bypass the Strait of Hormuz
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because today it could be Iran, tomorrow
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it could be something else. You You
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don't really know what you're doing, but
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you have to have redundancies.
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Redundancies cost money. So, I think
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that that's that's very important.

Could bypassing the Strait of Hormuz save the global economy? ⚓️

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Could bypassing the Strait of Hormuz save the global economy? ⚓️

City AM