New Delhi, Sept. 29 -- Energy security measures already underway or under discussion could offset 35-70 per cent of oil flows that passed through the Strait of Hormuz before the crisis by 2030 if the region faces another major disruption, McKinsey Global Institute said in a report.

However, the report cautioned that the estimate is not a forecast and would depend on whether the projects and measures under discussion are actually implemented.

The measures include speeding up electrification, developing alternative oil and gas supplies, building bypass pipelines, rewiring trade flows, increasing inventories, managing demand and expanding clean energy. McKinsey said the upper end of the range depends on how many projects discussed since th...