Economy / FinanceMiddle East

Iran to Open Oil Export Terminal Bypassing the Strait of Hormuz


Iran has announced the opening of its first oil terminal in the Gulf of Oman, a move that will allow the Persian country to avoid using the Strait of Hormuz sea route. The new terminal is located near the port of Jask in the Gulf of Oman, just south of the Strait of Hormuz, allowing ships bound for the Arabian Sea to bypass the narrow route. Iranian President Hassan Rohani made the news public during a televised speech, noting that “this is a strategic move and an important step for Iran. It will ensure the continuity of our oil exports”.  The…

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