Alternatives could address the oil shortage but risks abound, some experts said.
For the first time in decades, the Middle East is investing seriously in a future in which the Strait of Hormuz may no longer be indispensable.
The Strait of Hormuz blockade since early March has impacted the real estate sector by driving up material costs, disrupting supply chains, and heightening the risk of delays or stalled projects.
The United States said it has started to block vessels doing business with Iran from the strait. Details on how that would work are unclear. By Peter Eavis and Jenny Gross Shipowners and shipping ...