Benjamin Netanyahu says Hormuz tensions may speed shift to alternative energy routes

Benjamin Netanyahu said rising instability around the Strait of Hormuz could accelerate a global shift toward alternative energy and trade routes, adding that Israel could become part of a transportation corridor linking the Gulf region to the Mediterranean. According to a report published Friday by Anadolu Agency, Netanyahu made the remarks during a seminar held in the Jordan Valley as regional tensions and concerns over maritime security continued to grow. Netanyahu said major powers have historically responded to energy crises by diversifying supply routes and reducing dependence on unstable transit regions. He argued that the current security situation in the Gulf could speed up efforts to develop alternative commercial and energy corridors. The Israeli prime minister did not provide details about the proposed corridor or specify which countries could participate in such a project. His remarks come as international concern continues to rise over disruptions to global shipping and energy supplies linked to the situation in the Strait of Hormuz, one of the world’s most strategic oil transit chokepoints. The Strait of Hormuz handles roughly one-fifth of global oil and gas shipments, making any disruption in the waterway a major risk for international energy markets and global trade flows. Regional tensions escalated after the outbreak of conflict involving Israel, the United States and Iran earlier this year. Tehran later announced the closure of the Strait of Hormuz, triggering fears of supply shortages and sharp increases in global energy prices. In recent months, several regional and international powers have explored alternative trade and transport corridors linking Asia, the Gulf and Europe, as governments seek to reduce reliance on vulnerable maritime routes affected by conflict and geopolitical tensions. The post Benjamin Netanyahu says Hormuz tensions may speed shift to alternative energy routes appeared first on Khaama Press.