Oil Exports Through Strait of Hormuz Unlikely to Return to Pre-War Levels
Oil exports through the Strait of Hormuz may not return to pre-war levels due to ongoing geopolitical tensions. The strait, a critical chokepoint for global energy markets, has seen reduced traffic following Iran's control during the conflict with the U.S. and Israel. The blockade has caused significant disruptions, with Iran leveraging its position to consolidate control over the strait. Analysts suggest that even if a resolution is reached, traffic may only recover to 60-70% of previous volumes, with Western vessels requiring bilateral agreements with Iran for passage.