HSBC CEO says alternative routes could make Strait of Hormuz 'redundant' in five years

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HSBC Group CEO Georges Elhedery on Tuesday said the Gulf region would recover from the impact of the Iran war through investments in alternative logistics routes, potentially making the Strait of Hormuz “redundant” within five years. Speaking in Dubai, he reaffirmed the bank’s commitment to the GCC region.

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HSBC CEO says alternative routes could make Strait of Hormuz 'redundant' in five years

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