The oil market's top players are scrambling to bypass the Strait of Hormuz, where the Iran war highlighted the importance of the waterway. This comes after President Trump announced that the U.S. would reinstate its blockade of Iran in the strait and proposed charging other countries 20% of the value of cargo shipped through it. This threat may not be legally enforce, but it gives producers more incentive to develop alternative shipment methods. Goldman Sachs analysts found that seven pipeline and export-infrastructure projects are currently under construction, planned or potentially feasible, could provide an insulation of more than 45% of Persian Gulf producers' exports from potential future Hormoz shocks. However, they warned that the world still needs the straits, with Qatar's liquefied natural gas exports and Kuwait and Iraq heavily dependent on the straiting.