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Crude new world: Oil markets will never be the same – regardless of how the war in Iran ends

Preventing Iran from obtaining a nuclear weapon is a worthy goal in and of itself. But President Trump’s campaign against the Iranian regime carries far broader implications — many of them directly advancing American interests and reshaping the strategic landscape for years to come.

Here are some of the ways the war is changing the world.

Chokepoints are shifting

Iran’s strikes on Gulf ports have come at great expense — in lives, infrastructure and economic damage. But rather than force its neighbors to capitulate, Iran is hardening the resolve of Gulf states to build permanent alternatives to the Strait of Hormuz.

Saudi Arabia and the United Arab Emirates are already leveraging existing infrastructure — such as the East-West Pipeline and the Abu Dhabi Crude Oil Pipeline, which distribute oil across land to the Red Sea — to make up for some lost capacity through the strait.

They are also considering whether to expand these pipelines or build out new infrastructure altogether. One option worth the Trump administration’s attention is ramping up political and financial support for IMEC, the India-Middle East-Europe Economic Corridor, and facilitate the construction of pathways to move Gulf energy to India and Europe in ways that bypass the Strait and strengthen regional partners.

Even if the strait fully reopens once hostilities end, the strategic calculus will........

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