Iran plans new oil terminal to bypass Hormuz

TEHRAN - A senior official said Tuesday Iran was planning to build a new oil terminal beyond the strategic Strait of Hormuz.


Akbar Torkan, a senior trade official, was quoted by the semiofficial ISNA news agency as saying that the new terminal will be at Bandar Jask port on the Oman Sea. Iran's sole major crude export terminal is at Khark Island in the Persian Gulf.


Torkan didn't elaborate, but bypassing Hormuz would be seen as protecting exports from instability in the Gulf. (AP)