A new initiative proposes shifting energy exports from the Strait of Hormuz to Western-aligned hubs to reduce reliance on Russian and Iranian supplies.
A Washington-based think tank has unveiled a $10 billion strategy to transform Syria and Turkey into key energy distribution hubs. The Four Seas Initiative seeks to bypass the Strait of Hormuz, a critical chokepoint amid rising US-Iran tensions, by redirecting oil and gas flows to Europe.
The plan aims to reduce European dependence on Russian and Iranian energy while attracting investment from Gulf states. It follows prolonged disruptions in the Strait of Hormuz, which handles about one-fifth of global oil shipments.
No immediate market reaction was reported, but the proposal could reshape long-term energy trade routes if implemented.