Economy · World
HSBC CEO predicts Strait of Hormuz redundancy in 5 years
The CEO of HSBC has predicted that the Strait of Hormuz could become redundant within five years, potentially being replaced by new shipping routes. This statement comes in the context of global concerns over oil imports being disrupted by potential conflicts, such as the US-Iran tensions, which have previously caused blockages in the vital waterway.
How outlets across the spectrum covered it
L 0 C 2 R 1
- Centre (2): Business Standard, The Hindu BusinessLine
- Right (1): Aaj Tak