•Phillips 66, Kinder Morgan, and HF Sinclair have reached a final investment decision for the Western Gateway Pipeline project.
•The project aims to transport refined products from the Gulf Coast to Phoenix and California markets with an initial capacity of 230,000 barrels per day.
•The project is targeted for completion in 2029 and involves new pipeline construction and the reversal of existing lines.
•Bloomberg data shows shipping transits through the Strait of Hormuz remain largely disrupted Monday morning despite reports of Iran and Oman nearing a deal.
