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Hormuz could be 'redundant' in five years, replaced by new routes, HSBC CEO says

Tuesday, October 20, 2026 - 22:55
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Hormuz could be 'redundant' in five years, replaced by new routes, HSBC CEO says
The conflict has highlighted the world's heavy reliance on the strategic waterway, through which a fifth ‌of global oil and LNG trade previously passed

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