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Return to pre-crisis oil and gas supplies months away even if strait of Hormuz reopens
Despite the reopening of the Strait of Hormuz, oil prices are expected to remain high due to persistent market uncertainties. Even with a promising US-Iran peace deal, factors like strategic leverage and depleted stockpiles continue to driv...
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Despite the reopening of the Strait of Hormuz, oil prices are expected to remain high due to persistent market uncertainties. Even with a promising US-Iran peace deal, factors like strategic leverage and depleted stockpiles continue to drive prices between $80 and $90 per barrel. Experts warn that a full recovery to pre-crisis levels might be months away. #OilPrices #Economy #GlobalMarket #Iran #EnergyCrisis
Originally reported by The Guardian.
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