Iran opens new oil terminal in bid to bypass crucial Strait of Hormuz for exports


Strait of Hormuz(Worthy News) – Iran opened its first oil terminal in the Gulf of Oman, a move aimed at making Iranian President Hassan Rouhani’s regime less dependent on the Strait of Hormuz, often a source of international tension.

The location of the new oil terminal — a project that began in 2019 and will cost some $2 billion — will also reduce transportation and insurance expenses for oil tankers.

The Strait of Hormuz, a crucial channel located between the Persian Gulf and the Gulf of Oman, is used by oil producers to transport crude from the Middle East. Approximately 20% of the world’s crude oil passes through the waterway. [ Source: CNBC (Read More…) ]

16
people are currently praying.

Worthy News reports from a biblical worldview with a commitment to accuracy, transparency, and editorial independence. Learn more about About Worthy News, our Editorial Standards, AI Use Policy, Ownership of Worthy News, News Tips and Corrections, and Worthy News Staff.

💡 Did you know? One of the best ways you can support Worthy News is by simply leaving a comment and sharing this article.

📢 Social media algorithms push content further when there’s more engagement — so every 👍 like, 💬 comment, and 🔄 share helps more people discover the truth. 🙌

Discuss this article in our forums

Latest Worthy News

Houthis Target Saudi Airport With Missiles and Drones As Tensions Escalate
Anglican Communion Backs Plan to Plant or Restore One Million Churches
Chinese Authorities Raid Early Rain Covenant Church Gathering, Detain 33 Christians
EU and International Partners Pledge $1 Billion to Rebuild Gaza
Israel, Lebanon Open Rome Talks on Hezbollah Disarmament and Israeli Withdrawal
German Court Sentences Iraqi IS Couple Over Enslavement Of Yazidi Girls
U.S. House Passes Election Campaign Financing Bill
Lindsey Graham’s Sister Appointed to Fill His Senate Seat
Arabian Peninsula at War as Saudi Arabia and Houthis Exchange Attacks
Fair Use Notice:This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.

Worthy Christian News