# Global Oil Markets

Beyond the Bottleneck: The Gulf’s High-Stakes Pivot from the Strait of Hormuz

As conflict in the Middle East blocks the Strait of Hormuz, Gulf oil producers are shifting exports to overland pipelines to reach the Red Sea and Mediterranean. While Saudi Arabia and the UAE have successfully diverted significant volumes, the total pipeline capacity remains less than half of the usual maritime flow, leaving a massive gap in global energy supplies.