Tuesday, 20 October 2026 Newsarchy UK live index
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Middle East Economy

HSBC CEO Says Alternative Routes Could Make Strait of Hormuz 'Redundant' in Five Years

HSBC CEO Says Alternative Routes Could Make Strait of Hormuz 'Redundant' in Five Years

HSBC Group CEO Georges Elhedery warns that ongoing regional conflict will drive Gulf states to develop alternative pipelines and ports, bypassing the Strait of Hormuz within five years.

Business ·20 Oct 2026, 14:45 ·Maeve Turner 3 min read