Security Guarantees Shape New Energy Routes Amid Strait of Hormuz Conflict

The conflict in the Strait of Hormuz is changing how energy routes are planned. Security guarantees are becoming just as important as prices and tariffs when determining which corridors receive investment and access to markets.

Around 20% of global oil and gas supplies passed through the Strait before the crisis. Now, Gulf states are accelerating alternative pipeline projects. By the end of 2028, capacity is expected to exceed 14 million barrels per day.

The planned revival of the Kirkuk-Baniyas oil pipeline linking Iraq and Syria is one example. This project is part of a broader package of agreements involving the United States and is expected to involve Chevron. Washington has explicitly connected its support for alternative routes with reducing Iran's ability to disrupt energy exports.