“The recent oil price rally … demonstrates how critical Hormuz flows remain for prices in the short-term. However, in the long-term, we estimate that enough pipeline capacity will likely be added in the Mideast region to insulate over 45% of the pre-war level of Persian Gulf producers’ exports by end-2027 and more than 60% by end-2028 from any potential future Hormuz shocks.”

Goldman Sachs · said 2026-07-12 · reported 2026-07-13

Alexandra Paulus’s commodity team wrote that the disruption caused by the Strait will act as motivation to build other pipelines out of the region.