Strait Of Hormuz Oil Traffic May Not Fully Recover

Oil flows may only recover to 70% of pre-war levels Tanker traffic via the Strait of Hormuz may never fully recover due to alternative routes. Oil producers in the Middle East have tapped these routes amid the crisis. The recovery could take a little over a

Oil flows may only recover to 70% of pre-war levels

Tanker traffic via the Strait of Hormuz may never fully recover due to alternative routes.

Oil producers in the Middle East have tapped these routes amid the crisis.

The recovery could take a little over a month, with 70% of traffic achieved by the end of July, at 13 million barrels daily.

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