Business · 15 June 2026

Hormuz oil trade needs months to recover

Unsplash / Fredrick F.

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.

By BriefTea Editorial · 15 June 2026 at 17:43

Reported by Financial Post · How we write briefs

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