July 18, 2026 [CNBC] – Trump’s proposed 20% toll on Strait of Hormuz traffic is accelerating Gulf producers’ push to bypass the chokepoint .

Saudi Arabia is routing ~4 million barrels per day via its East-West pipeline to Yanbu on the Red Sea, demonstrating viable alternative export capacity.
 
The UAE is advancing plans for a new port and terminal in Fujairah on its east coast to reduce reliance on Jebel Ali and Hormuz-dependent routes.
 
While Saudi and UAE alternatives provide short-term relief, other Gulf states (Kuwait, Iraq, Qatar) remain heavily exposed with limited bypass options.
 
Longer-term, full diversification will require 18–24 months of infrastructure buildout, shifting geopolitical leverage away from Iran but introducing new risks via Red Sea corridors.
 
Read the full story on CNBC.

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