Worthy Christian News > World News > Iran opens new oil terminal in bid to bypass crucial Strait of Hormuz for exports

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

Tuesday, July 27, 2021 | Tag Cloud Tags: Hassan Rouhani, Iran, Middle East, News, oil, Worthy News | Learn about our FREE SYNDICATION Service | Receive Worthy News in your inbox! | Printer Friendly

(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…) ]

Social media may not always show you what matters. Get Worthy News directly in your inbox.

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

U.S. Sending Fresh Aircraft Carrier to Middle East

Mecca Defense Pact Signals New Muslim Military Alliance Beyond U.S. and Israel

U.S. Credit Card Debt Surges to $1.26 Trillion as Americans Lean Heavier on Borrowing

Israel Unveils Next Generation of Low-Cost Autonomous Attack Drones

U.S. Pushes Back on Israel’s Plans for Long-Term Military Presence in Southern Lebanon

Rare Solar Eclipse Ushers In Elul as Heavens Mark Biblical Season of Repentance

State Department Launches Crackdown on ‘Birth Tourism,’ Revokes More Than 600 Visas

Trump Secretly Switched Planes Amid Iranian Assassination Threat

Swiss Government Rejects Push To Enshrine Strict Neutrality In Constitution

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.