STOCKS | McKinsey Says Measures Could Cut Reliance on the Strait of Hormuz by 70% by 2030

According to Sina Finance, McKinsey Global Institute said a series of measures now being implemented could offset 70% of global energy flows through the Strait of Hormuz by 2030. The report said stockpiling oil, rerouting transport routes, expanding new supply, and switching to alternative energy are among the responses being pursued, while noting that the Strait of Hormuz will not become worthless.