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Inside Investor

IRAN-PAKISTAN-CHINA: New Powers Emerge in Strait of Hormuz

IRAN-PAKISTAN-CHINA: New Powers Emerge in Strait of Hormuz

Bottom Line: Last week Pakistan announced that construction on the Pakistani portion of the Iran-Pakistan pipeline will begin on 11 March. This week Iran announced it would build a refinery in Gwadar, in Pakistan's Baloch province. This will spur China's energy plans in Pakistan and sets up Gwadar to become a major oil city near the Strait of Hormuz and out of Washington's hands.

Analysis:…

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