1. Middle East Oil Routing Enters Structural Shift as Japan Diversifies Away from Strait of Hormuz; ADNOC Commits $55 Billion to Pipeline Expansion
Middle East oil exporters and energy consumers are accelerating plans to route crude shipments around the Strait of Hormuz following a series of Iranian attacks on commercial vessels transiting the strategic waterway, according to financial and energy industry analysts. Japan, one of the world's largest oil importers, ...