EconomyHormuz could become 'redundant' within five years as new routes emerge, HSBC CEO says
HSBC Group CEO Georges Elhedery said on Tuesday that investment in alternative logistics routes in the Gulf to cushion the Iran war's impact could make the Strait of Hormuz “redundant” within five years.
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Reuters★★★☆☆2026-10-20 09:35Original
Hormuz could become 'redundant' within five years as new routes emerge, HSBC CEO says
Economy