Persian Gulf pipeline race reshapes global oil export routes around Hormuz chokepoint

Major energy companies including Chevron are investing in new pipelines, ports, and export terminals across the Persian Gulf to bypass the Strait of Hormuz, a critical chokepoint through which roughly one-third of global seaborne oil passes. According to CNBC, the multi-billion dollar infrastructure push aims to create alternative Mediterranean routes that would reduce regional export vulnerability. CNBC's Pippa Stevens reports that these new routes carry significant limitations — including capacity constraints — that could alter how global oil reaches key markets.