The Iran war and near-closure of the Strait of Hormuz are pushing Gulf states to spend heavily on ports, pipelines and railways to reduce dependence on the chokepoint.

INTELLIGENCE SUMMARY

The Iran war and near-closure of the Strait of Hormuz are pushing Gulf states to spend heavily on ports, pipelines and railways to reduce dependence on the chokepoint. Saudi Arabia and the UAE are expanding Red Sea and Fujairah export routes, while Kuwait, Iraq and others pursue alternative pipelines and ports. Source: Reuters