‘REDUNDANT’? – Hormuz Could be ‘Redundant’ in Five Years, Replaced by New Routes, HSBC CEO Says

  DUBAI, Oct 20 (Reuters) – Investment in alternative logistics routes in the Gulf to mitigate the impact of ​the Iran war could make the Strait of Hormuz “redundant” in the ‌next five years, HSBC Group Chief Executive Georges Elhedery said on Tuesday. The conflict has highlighted the world’s heavy reliance on the strategic waterway, … Read more