General · 15 June 2026
Hormuz oil trade needs months to recover
Despite a US-Iran deal to reopen the Strait of Hormuz, analysts warn that oil trade won't return to normal quickly. Oil markets reacted positively to the interim agreement, hoping it would restore oil and gas flows through the crucial shipping route. However, experts say it could still take weeks or even months for the backlog of vessels to clear and for confidence to rebuild.
Reported by Financial Post · How we write briefs