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A Saudi-backed ground push to reopen Bab Al Mandab could start within weeks
Getting ships through the strait again is the priority, and Riyadh may keep the operation narrow
Delayed engines are forcing Gulf airlines to rework routes and pay more to maintain older fleets
Scale gives the region’s biggest airlines more ways around the shortage, but each delay hits a larger orderbook
TODAY:DP World signs a USD 7 bn Nigeria port agreement + Lesha Bank buys 33 more jets from Avolon
What we’re tracking this morning regionally and around the world
TODAY: Ain Sokhna’s new truck yard is already linking with Nafeza + Iraq's overland Hormuz bypass now runs both ways
What we’re tracking this morning regionally and around the world
SAR buys 782 railcars to haul Phosphate 3 + Asyad’s new bulkers come pre-booked
Stories on our radar this morning from around the region
TODAY: Why a reopened Hormuz may still be closed to shipping + XRG locks in FID on Azerbaijan’s Absheron gas field
What we’re tracking this morning regionally and around the world
Aramco is splitting off its gas business into a separate division as it explores a minority float
The Jafurah leaseback has already tested outside capital in Aramco's gas business, and a standalone division would let it go…
Washington and eight Gulf capitals are weighing a USD 10 bn fund to route oil and gas around Hormuz
The caveat: Not every Gulf state can build its way out of Hormuz
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