McKinsey says energy measures could offset Hormuz oil disruption

McKinsey studied what could happen if oil shipments through the Strait of Hormuz were disrupted again.

The group said future energy projects might replace 35% to 70% of the oil flows affected by such a crisis by 2030.

These projects could include new pipelines, more oil supplies from other places, larger stored reserves, and greater use of electricity and clean energy.

The estimate is not a prediction because many of the projects have not been completed.

The energy system has already handled much of the recent disruption using stored supplies, alternate pipelines, and changing trade routes.

However, existing backups are becoming strained.

McKinsey said no single solution would be enough.

Instead, countries and companies would need several different energy routes, supplies, and backups.