The race to bypass the Strait of Hormuz

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A multi-billion dollar race to build new pipelines, ports, and export terminals is underway in the Persian Gulf. Industry analysts and companies like Chevron see a chance to recover export capacity with new routes to Mediterranean sea. These alternatives come with limitations that could reshape the global flow of oil. CNBC’s Pippa Stevens reports.

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Thu, Aug 20 20262:13 PM EDT