Why the Strait of Hormuz crisis may haunt oil markets for two more months
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The White House has warned that oil flows through the Strait of Hormuz may take up to two months to return to normal, keeping markets on edge. The closure of the strait has caused an oil shortfall and led to the highest US prices in three years.
The Strait of Hormuz crisis may continue to affect oil markets for two more months. The White House has warned that reopening the strait may not bring immediate relief to oil markets or global supply chains. The US military faces challenges in reopening the strait by force. The closure has caused an oil shortfall and led to high US prices. Oil flows may take up to two months to return to normal.
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